In a report by Payment Canada, looking at spending habits of Canadians in 2019/2020, contactless, ecommerce and in-app purchases have risen drastically Analysing the 22 billion transactions made in 2019, which totalled C$9.9 trillion, it saw a drastic rise in online payments, with predictions that the further growth of ecommerce in 2020 will see…
Statistics Canada’s new data shows that ecommerce doubled between February and May of this year, though growth has slowed since reaching CA$4 billion in May Despite slowing, it is still estimated to beat 2019’s total ecommerce sales of $305 billion. This figure includes business-to-business sales as well as retail purchases Last year, online sales made…
Writing in Toronto Life, Satish Kanwar, vice-president of product for Spotify said that ecommerce is the best chance for small businesses not just to stay alive, but to also improve how they serve customers “Since the onset of lockdown, we’ve seen a decade’s worth of e-commerce growth happen in a few short months, as…
Michael Tamblyn, president and chief executive officer of Kobo said that the company has benefitted selling online to an international market from being a Canadian company “We leveraged being Canadian as a way to international success” the CEO said, when talking about the company’s choice to market internationally then just focus on Canada and…
The company recorded online sales up 400% to C$600 million, beating the entire total ecommerce sales for all of 2019 Canadian Tire also recorded increased retail sales for the second quarter of this year, up 1.7% to nearly C$4.4 million. Excluding petroleum sales, overall retail sales rose 9.3% Despite this though, the company suffered…
Walmart Canada announced today that it will hire 10,000 new “associates” as it looks to quickly expand its Canadian operations amidst a massive growth of ecommerce for the company The positions, which the Walmart Canada says it is looking to fill “immediately” will be in its ecommerce operations, staffing warehouses, delivery drivers and fulfilling orders…
The rapid rise in online shopping in Canada has led to many companies wanting more warehouse space to ship from Online sales increased 120% across the country as the pandemic causes more people to shift to shopping online Industrial real estate has thrived amidst this boom, with Summit Industrial Income REIT seeing a 62%…
A report by Statistics Canada found sales hit a record C$3.9 million in May as shoppers move to online as measures to combat Covid-19 were placed into effect This is a 99.3% rise from February of this year. Ecommerce sales have more then doubled compared to last year, an increase of 110.8% In contrast, the…
A new study by the Business Development Bank of Canada (BDC) surveying ecommerce and what hurdles lie in the way of success, has reported its findings Among the key statistics were businesses that conducted 50% of their trade online outperformed others during lockdown with 39% saying revenue increased in that time Currently, only 46% of…
A recent study by the Canadian Federation of Independent Business (CFIB) has found that 86% of small businesses have adapted to using a new business model for alternate shopping options such as online delivery or pickup Many small businesses have adapted to ecommerce this year as lockdown measures have forced brick and mortar stores to…