A Deloitte survey finds shoppers are increasingly focused on discounts, with tariffs, inflation concerns and economic uncertainty shaping holiday budgets.
Despite persistent inflation and recession fears, Canadians are prioritizing value and smart shopping this holiday season. Trends include earlier spending, AI-powered gift searches, and a shift toward experiential gifts, says Deloitte.
Survey predicts flat K-12 spending with parents seeking early discounts, prioritizing value and convenience, and adopting new shopping strategies while retailers face challenges.
A rise in e-commerce and a shift in consumer preferences is expected to shape grocery retail in this country, negating the need for large-format warehouse formats.
A report by Deloitte sets out five critical changes that mall landlords, retailers, and the entire industry must embrace to protect the sector and keep Canadians coming back into stores.