The following research report contains market research, analysis, statistics and business intelligence relating to research on Retail Industry In Canada.

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ABSTRACT
While retail sales in Quebec slackened considerably in the second quarter of 1999, annual growth in some sectors such as sporting apparel and equipment has good growth prospects.

RETAIL SALES MARK QUARTERLY DECLINE BUT STILL ANNUAL GROWTH
At the beginning of 1999, Quebec's economic growth and retail sales appeared quite healthy, especially relative to the rest of Canada where only Ontario's total retail sales growth was superior. In the first quarter of 1999, Quebec retail sales spurted 6.6 percent, with half of the growth coming from automobile and recreational vehicle sales. As reported in a previous IMI, total Quebec imports rose strongly, including a 29 percent jump from the United States. Although second quarter trade data is not yet available, it is clear from the decline in May and more modest growth in April that the second quarter will not be nearly as robust as the first. In retail sales, as reported in an article in Les Affaires (28 August 1999) by National Bank economist Marc Pinsonneault, there was a sudden decline, not just a slowing of growth. This might have been due either to declining consumer confidence or pocketbooks. On an annual basis, there was still a growth of 5.2 percent, which exceeds the Canadian average of 3.8 percent depressed by lackluster sales in Western Canada.

SPORTING GOODS SUB-SECTOR STILL ATTRACTIVE
Even though sales of shoes and apparel have generally stagnated, the announcement by the Forzani Group (owner/franchiser of the Sports Experts chain) that it expects to double sales to CDN DOLS 1 billion by 2002 with 100 new stores illustrates the vibrancy of the sports apparel sub-sector (see articles in Les Affaires August 28 p. 18-19). Half of the annual increase of 30 new stores is expected to be in Quebec, and the company is even thinking of expanding into the northeast United States based on its partnership with the Swiss Intersport. The Sports Experts chain already has a 10 percent market share sports apparel and equipment throughout Canada and a share of the Quebec market well double that. It has accentuated sales of sports clothing (about 43 percent of total sales), sports shoes (21 percent) and sports equipment (36 percent). In the latter category, in-line skates, bicycles, skis and snowboards, hockey, racquet sports and golf have had the lead roles in that order.

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For the 2008 Edition

Published: 2006 August
Market: Mens Womens Childrens
Region: Canada
Industry: Retail
Pages: 45
Delivery: 7-12 Business Days
SKU: infre0000199