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Retail Facts

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Here are a few facts about the retail industry:

  • Retail is one of the most diverse industries touching the lives of Canadians from coast-to-coast.
  • In Canada, retail sales were $425.3 billion in 2008, following gains of 5.8% in 2007 and 6.4% in 2006.
  • The retail sector is the largest employer in Canada employing over 2 million people.
  • It’s an industry that provides 1 out of every 8 Canadian jobs.
  • Over the past few years, retail has become a deliberate career choice for many people.
  • Retail is a fast-paced, energetic industry with a wide variety of growth opportunities.
  • There are more than 220, 000 retail establishments in Canada.
  • The retail trade represents close to 10% of all Canadian Business establishments.
  • Fastest growing regions in Canada include Newfoundland, Alberta, and Quebec.
  • There are nearly 2 million employees in the retail trade in Canada.
  • Retail trends indicate that big box retailers and specialty niche retailers have been quite successful over the past 5 years.
  • The largest company in the world, Wal-mart, is a retailer!