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The North America Retailing Sectors : A Company and Industry Analysis (June 2007)

  • ID: 656400
  • Report
  • June 2007
  • Region: America, North America, United States
  • 36 pages
  • Mergent
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Current Environment - Key Points
- Consumer retail spending in the US held up well in the first quarter of 2007, even though there was a slight slowdown in the economy
- Meanwhile, Canada's retail industry saw steady growth during the period, with high consumer spending and retailers showing improved balance sheets
- US top retail stocks, the Dow Jones Retail Index, Dow Jones Consumer Goods Index and S&P 500 sank in the first three months of 2007 as the economy began to show signs of slowing and consumers- propensity to keep on spending started to wane
Most Canadian retail stocks also fell during the period
- In the first three months of 2007, total US retail sales were valued at US$1.1 trillion from US$1.08 trillion in the corresponding period a year earlier
In 2006, retail sales advanced 6.57% from US$4.11 trillion in 2005
- In Canada, retail sales were valued at C$100.68 billion (US$89.69 billion), up 5.4% from a year earlier, while sales totaled C$391.59 billion (US$348.86 billion) in 2006, up 6.23% from C$368.63 billion (US$328.4 billion) in 2005
- Retailers in the US continued to seek growth through mergers and acquisitions (M&A) as competition for market share and brand loyalty intensified
Through M&A, retailers are able to save costs and have more bargaining power with suppliers and manufacturers

Industry Profile - Key Points
- Even in the face of bad news, retailers of the US and Canada continued to forge ahead with new strategies to become more profitable and efficient, while fending off ambitious competitors
- Canada is more vulnerable than other countries to a slowdown in the US economy due to its open economy, its proximity to the US and its dependence on cross-border trade
- The retail industry accounts for more than 11% of total employment in the US, but is no longer the job creation engine it once was, with annual retail trade employment edging down in 2006
According to the US Department of Labor, retailers hired 15.24 million people, down 3.97% from 15.87 million people in 2005
- Wholesalers are still playing an important role in the economy, especially in supplying the retail industry
As a result, wholesale trade in the US and Canada remained buoyant in 2006 and into the first quarter of 2007
- Trade in goods and services in the US and Canada remained active in 2006 and well into the first quarter of 2007
Market Trends and Outlook - Key Points
- US retailers continue to seek growth abroad as the retail market becomes saturated domestically
Many are looking particularly to China, India and Vietnam to benefit from their expanding economies
- Gift cards continue to grow in popularity in both Canada and the US, especially during holiday shopping season, as they are a consumer-friendly credit product
- Online shopping continues to be a smart way for North American consumers to purchase goods
- As baby-boomers become an even more important segment of the retail industry in Canada, more retailers have begun to change their strategies to appeal to them
- In the US, retail industry is expected to grow by 4.8% in 2007 compared with 2006, when retail sales increased by 6.3%, according to the National Retail Federation
The Canadian retail industry is projected to enjoy a 4.9% increase in total retail sales to C$410.9 billion (US$366.06 billion)

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Current Environment - US
-

Sector Overview
- Sector Performance
- Leading Retailers
- Merger, Acquisition and Alliance
Activity
Current Environment - Canada
- Sector Overview
- Leading Players
- Sector Performance
Industry Profile - US
- Industry Size and Value
- Employment Levels
- Industry Focus
- Exports and Imports
Industry Profile - Canada
- Industry Size and Value
- Industry Focus
- Exports and Imports
Market Trends and Outlook -
US
- Retailers Look to China
- Retailers Eye India's Potential
Also
- Consumers Still Love Online
Shopping
- M-Commerce Takes Baby Steps
- Gift Cards Surpass Expectations
- Market Outlook
Market Trends and Outlook -
Canada
- Online Shopping Popularity
Continues
- The Gift Card Bandwagon
- Baby-boomers the Prized Target
Market
- Market Outlook
Currency Conversion Table
The Scope of this Report
Key References
Comparative Data
Reports Coverage

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