This document provides an overview of the retail industry in Canada and globally. It includes summaries of August 2020 retail sales data in Canada by segment and province. It also discusses trends in e-commerce, issues facing retailers, retail bankruptcies, the cannabis industry, automation, and other relevant topics. The document is presented by Paul Young, who is a CPA and subject matter expert in various areas including risk management, emerging technology, and supply chain management.
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, MU1 and MS2)
• SME – Risk Management
• SME – Emerging Technology
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Cost to Serve modeling
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Canada Retail Sales by Segment / June 2020
Canada Retail Sales by Province / June 2020
Canada / eCommerce
Global eCommerce
Issues facing Retail
Retail Council / 2021 Federal Budget
Canada Retail Sales Bankruptcies / Reorganizations
Home Renovations
Amazon
Cannabis Stores / Canada
Automation
Sales Forecasting
Supply Chain
Cash Flow Management
Risk Analytics / Retail
4. Retail Sales by Segment
Source - https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010007801
5. Retail Sales by Province
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201021/dq201021b-eng.htm
6. eCommerce Sales / Canada
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201021/dq201021b-eng.htm
• eCommerce will continue to accelerate its growth - https://mediaincanada.com/2020/09/30/the-saving-grace-of-
2020-ad-spend-ecommerce-platforms/
• Canada Tire / eCommerce - https://www.bnnbloomberg.ca/company-news/video/canadian-tire-continues-to-
boost-e-commerce-strategy~1536296
• Fastest growing retail company - https://finance.yahoo.com/news/roots-announces-details-fiscal-2020-
110000161.html
11. Home
Renovations
Home renovations are booming in Canada
Source - https://www.cbc.ca/news/business/home-
renovations-covid-19-1.5703738
It could be a good opportunity to bring back the home renovation tax
credit - https://www.moneysense.ca/news/harper-pledges-to-re-
introduce-home-renovation-tax-credit/
13. Cannabis Stores
According to recently released financial statements,
the Ontario Cannabis Store (OCS) earned $18.6
million during its 2019-20 financial year. That’s a
welcome reversal from the previous year’s $42-
million loss. But while OCS did better financially than
its Alberta counterpart, it still lagged behind
Québec’s Société québécoise du cannabis (SQDC).
And even though Canada marked the second
anniversary of legalization this past weekend, both
Ontario and Québec still lack enough stores to make
legal products widely accessible, unlike in Alberta.
Source -
https://www.canadianmanufa
cturing.com/features/ontarios-
cannabis-agency-earns-18-6-
million-beating-albertas-but-
lagging-quebecs/
14. Automation
RPA / Retail - https://medium.com/@savvycom/rpa-101-applications-of-
rpa-in-retail-industry-46b90a53bbe6
Restructuring of business models for retail will include automation -
https://www.technology.org/2020/08/06/covid-19-will-encourage-
automation-in-retail-sector/
Business process automation / retail -
https://www.impactmybiz.com/blog/business-process-automation-in-
retail/
Retail Edge Stores - https://www.jabil.com/blog/retail-automation.html
Rebooting stores through automation -
https://retailtouchpoints.com/resources/rebooting-the-retail-store-
through-in-store-automation
Augment Reality / eCommerce - https://www.yahoo.com/lifestyle/now-
could-finally-time-augmented-181954198.html
Virtual Reality / eCommerce - https://supplychaingamechanger.com/how-
virtual-reality-vr-is-drastically-enhancing-the-e-commerce-shopping-
experience-infographic/