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COVID-19 Impact on Retail Market in Canada

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  • 18 Pages
  • June 2020
  • Region: Canada
  • GlobalData
  • ID: 5130352
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The Coronavirus (COVID-19) country report analyses how the pandemic will impact retail spend in Canada.

The Canadian retail market is forecast to decline by 4.5% in 2020, but is expected to experience a relatively fast recovery, returning to 2019 levels by 2022.

Where stores have reopened, retailers are clearly communicating the measures they have introduced to increase hygiene and shopper safety, helping to encourage shoppers back.

  • Canada is expected to fare better than its neighbour, the USA, as its faster response has meant that a nationwide lockdown was not deemed necessary.
  • While the country has now moved past the peak of the virus, businesses are likely to experience weaker footfall for the remainder of the year as consumers stay cautious about a potential second peak.

Reasons to Buy
  • Use our revised market forecasts out to 2024 to understand how the Canadian retail market will perform.
  • Use our in-depth analysis to review how key retailers have responded to COVID-19.

Table of Contents

  • Executive Summary
  • Market forecasts
  • Retailer themes and responses
  • Market forecasts
  • Headlines
  • Total retail market vs. pre-COVID-19 forecasts
  • Total retail growth vs. pre-COVID-19 forecasts
  • Retailer themes and responses
  • Store reopenings
  • Curbside delivery
  • Grocers’ responses
  • Charitable donations
  • Appendix
  • Methodology

List of Figures
  • Total retail market vs. pre COVID-19 forecasts, 2019-2024
  • Total retail growth vs. pre COVID-19 forecasts, 2019-2024

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Canada Goose
  • Sobey’s
  • Canadian Tire
  • Simons
  • Hudson's Bay
  • IKEA
  • IGA
  • Walmart
  • Metro
  • Safeway
  • Foodland