Retail Sales Up in June

CBJ — Canadian retailers reported higher sales for the fourth straight month in June, as just about everything except cars and gasoline stations saw higher sales.

Figures released by Statistics Canada reveal that sales at general merchandise stores rose 2.9% in June, while clothing and accessories stores saw a 2.7% gain. Building material and garden supply stores saw 2.2% higher sales.

However, not every industry had gains.  Sales of automobiles and auto parts fell by almost 1.5% while sales of gasoline was down by about 1.8%.

Canadian retailers sold $1.2 billion worth of merchandise in June, accounting for 2.2% of all sales. But e-commerce is taking a much bigger slice of the pie in the overall picture. In the 12 months up to June, e-commerce has grown by 43%, while conventional the bricks & mortar retail sector has only grown by about 8%.

@CanBizJournal

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