Colliers’ 2025 Global Retail Trends Report finds Canadian retail staying strong despite U.S. trade tensions, the Bay’s exit, and shifting consumer behaviour.
Stephanie Hannon of Colliers discusses a new report showing how open-air centres with ’necessity retail’ are performing better than other asset classes, partly due to a lack in online competition among other factors.
Economic fundamentals, inflation and other issues have consumers second-guessing purchases and retailers now need to meet consumers where they want to be, including online.
A representative at Colliers says that, remarkably, foot traffic is up 30% on one mall over 2019 -- and with the holidays approaching, more consumers are going to stores to ensure they get what they want.