Blog – Retail Sales – Canada – November 2020
Retail sales are up 1.3% month over month - https://www.forexlive.com/news/!/canada-november-retail-sales-mm-vs-00-expected-20210122
2020 will be remember as those companies that had online footprint where able to weather the storm better than companies with little or no online footprint - https://www.retail-insider.com/articles/2021/01/what-happened-to-the-retail-sector-in-canada-in-2020/
Solvency issues - https://www.retailcouncil.org/coronavirus/the-impact-of-the-pandemic-on-the-solvency-of-corporations-statcan-covid-19/
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Canada Retail Sales by Segment / September 2020
Canada Retail Sales by Province / September 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
Planning Analytics and Cognos Analytics
4. Retail Sales by Segment
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210122/dq210122a-eng.htm
5. Retail Sales by Province
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210122/dq210122a-eng.htm
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/
19. Planning
Analytics and
Cognos
Analytics
Small and medium sizes businesses continue to
struggle with management of their data
Planning Analytics Digital Pack -
https://www.ibm.com/support/knowledgecenter/SSD29
G_2.0.0/com.ibm.swg.ba.cognos.tm1_cloud_mg.2.0.0.do
c/c_tm1_cloud_system_digital_pack.html
Cognos Analytics on Demand -
https://community.ibm.com/community/user/businessa
nalytics/blogs/david-cushing/2018/12/13/1
Planning Analytics with Cognos on Demand –
https://community.ibm.com/community/user/businessa
nalytics/blogs/bimpe-
adefowora/2020/11/11/padataondemand
Predictability -
https://community.ibm.com/community/user/businessa
nalytics/blogs/stuart-martin-phillips1/2020/10/02/easy-
forecasting-for-planning-users