Fiji Time: 8:39 AM on Saturday 24 February

Fiji Times Logo

/ Front page / Archives » Article Index

Canadian retailers struggle for business

Reuters
Thursday, November 09, 2017

TORONTO - Canadian retailers are struggling to fortify their defences against aggressively expanding US e-commerce operators in an effort to stave off further loss of market share and erosion of profit margins in a brutal retail market.

Moves over the past year include Hudson's Bay Co's $C60 million ($F97m) investment in robotic technology at a Toronto distribution center, and second-largest grocery chain Metro Inc's $C400m ($F651m) investment to automate its warehouses.

Four of the top five firms in Canadian e-commerce are from the US, led by Amazon.com Inc and Wal-Mart Stores, according to a 2017 ranking of 45 retailers that operate in Canada done by digital analytics company Chasm.

In contrast, four of the bottom five are Canadian, including Empire Company's Sobeys, grocery operator Loblaw Co Ltd and its pharmacy chain Shoppers Drug Mart.

Metro declined to comment, while Empire did not respond to a request for comment.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63650.6175
JPY 54.034951.0349
GBP 0.35780.3498
EUR 0.40640.3944
NZD 0.68820.6552
AUD 0.64140.6164
USD 0.50240.4854

from

$0.00

Exchange Rate updated on 23rd, February, 2018

Today's Most Read Stories

  1. 'I won't stand down'
  2. That fateful night
  3. Same-sex marriage
  4. $10m in six months
  5. Lawyer joins ATS board
  6. Police refuse permit for FTUC's Suva march
  7. Minister's political career up to party
  8. Family of herbal healers
  9. Wheels to boost response
  10. 'Poachers aware of patrols'

Top Stories this Week

  1. Wheels for ex-PMs Thursday (22 Feb)
  2. Long wait Monday (19 Feb)
  3. Police brutality claims Thursday (22 Feb)
  4. Plans to open caves for public viewing Monday (19 Feb)
  5. Tears flow for eleven Wednesday (21 Feb)
  6. Masirewa scores biggest try Monday (19 Feb)
  7. Adi Meretui joins SODELPA camp Monday (19 Feb)
  8. Bitcoin rises above $20,175 Saturday (17 Feb)
  9. Sau's 7s aim Monday (19 Feb)
  10. 'I won't stand down' Friday (23 Feb)