42% of Candian people asked have reduced their use of cash, whilst the rate was 22% in the U.S. The survey done by marketing consultants McKinsey also found that the rate of people using online payments has increased rapidly, with 23% saying that after the pandemic they will use branches less. Canadians move to online…
The rapid rise in online shopping in Canada has led to many companies wanting more warehouse space to ship from Online sales increased 120% across the country as the pandemic causes more people to shift to shopping online Industrial real estate has thrived amidst this boom, with Summit Industrial Income REIT seeing a 62%…
The worlds largest retailer will spend the money over the next 5 years as it aims to strengthen its ecommerce business The company has seen a massive surge in demand for its online services. Due to the pandemic, many shoppers are still extremely cautious at returning to stores Part of the investment will also see…
Sobeys parent company, Empire Company Ltd, will invest the money to grow its ecommerce business as it looks to drive up C$500 million in earnings The company plan, dubbed ‘Project Horizon’, was set to be announced in May, but was put on hold and adjusted due to effects if the pandemic and the steep…
A report by Statistics Canada found sales hit a record C$3.9 million in May as shoppers move to online as measures to combat Covid-19 were placed into effect This is a 99.3% rise from February of this year. Ecommerce sales have more then doubled compared to last year, an increase of 110.8% In contrast, the…
The company has announced the figure amidst a change in customer shopping habits during Covid-19 lockdown. Unilever has said its performance shows the companies “strength and agility” The turnover of the company for the first 6 months of 2020 stands at €25.7 million (C$42.4 million), down 1.6% from last year The company, which owns brands…
The two companies have agreed to a partnership as they look to research, develop and scale new business models and technologies Mastercard Labs, the companies research and tech division has said it will allow them to accelerate its cloud-native researchwith the aim of “de-risking and commercialising emerging technologies and platforms for digital commerce” The focus…
A new study by the Business Development Bank of Canada (BDC) surveying ecommerce and what hurdles lie in the way of success, has reported its findings Among the key statistics were businesses that conducted 50% of their trade online outperformed others during lockdown with 39% saying revenue increased in that time Currently, only 46% of…
Sobeys has begun operations in its new 25,000ft facility that will see robotics used to fulfill orders. The company has been spurred forward by the rise in ecommerce grocery and the centre is the first of it’s kind in North America Michael Medline, President and CEO of Empire, Sobeys parent company, said that inspiration for…
Due to the rapid growth of ecommerce and the large shift of consumers moving to online shopping due to the pandemic, experts are predicting that a massive change in ecommerce content Both videos and podcasts are expected to enjoy continued growth for marketing, with virtual experiences are seen to be a major new player in…