See, I told you cross-border shopping is not the undoing of Canadian Retail

So I’m reading my news this morning and here’s a new story on cross-border shopping from CTV News http://www.ctvnews.ca/business/cross-border-shopping-doubles-but-remains-small-fraction-of-retail-1.2044666 on a new report from Stats Can.

Here it is in black and white, so all you detractors that say we, cross-border shoppers, are killing Canadian Retailers they, Stats Canada, say au contraire! Here are the facts…http://www.statcan.gc.ca/daily-quotidien/141008/dq141008a-eng.htm?HPA

Line Forms to the Right

Line Forms to the Right

Cross-border shopping by Canadians in the United States was an estimated $4.7 billion in 2006, according to the study. Since then, annual increases, with the exception of a decline in 2009, have taken the total to $8.0 billion in 2012, 72% higher than in 2006.

Cross-border shopping by Canadians in the United States accounted for 1.7 per cent of total Canadian retail sales in 2012 – even with those increases, purchases from the United States were between 1% and 2% of total Canadian retail sales.

 

 

About 2sidesof49

This Blog is for all Canadian Cross-Border Shoppers wanting to maximize their returns on their U.S. shopping trips. Visit 2sidesof49.com for tips and tricks and links to our partners websites, blogs and products. Also check out my book The Canadian Cross-Border Shopping Guide - guaranteed to save you money!
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