Canadas Retail Sector Essay Example | Topics and Well Written Essays - 250 words

Canadas Retail Sector - Essay ExampleThe retail sphere currently plays a vital role in Canadas marketplace. During the 2009 recession, the retail sector experienced a fall in demand. However, in 2006-2012, sales change magnitude by 17%. The total retail sales in 2013 amounted to 482 billion, which was slightly below the predicted sales of $483 billion. The projection of 2014 sales has been placed at 493 billion. The Canadian brass regulations are working towards ensuring that businesses are able to negotiate contract agreements amongst themselves. Retail business holiday rules and regulations in Canada vary from one province to another. Therefore, retailers need to critical review retail business holiday regulations in their areas. For instance, there are no laws preventing retailers from opening in Alberta, but in New Brunswick, most retailers are not allowed to open during Holidays. Canada hosts several multinational retailers operating such as Reebok, Wal-Mart, Daiei (a Japanes e company), and K-Mart, which is an Australian corporation among others.