It’s been an interesting year for Canadian retail. From the closing of big box stores, to an influx of Chinese luxury consumers (50 percent of all luxury purchases will be to Chinese consumers by 2025), the retail landscape is experiencing a complete overhaul. Contrary to popular belief, all of this change doesn’t foretell the death of retail, but it is the harbinger of a retail renaissance the likes of which few of us have ever seen. Several Canadian retail chains will recede into obscurity in 2020, while others––such as Apple and lululemon––will continue to grow. So, what is the difference between the chains that succeed and the chains that fail?
Image: Lee Rivett
TIP: Join us at the Networking Canada Reception during CONNEX2020 to collaborate and connect with others doing business in Canada.