EY Canada

The EY Entrepreneur Of The Year program recognizes founders behind Booster Juice, Groupe Dynamite, The Mark Anthony Group of Companies and T&T Supermarket Inc. for creating opportunity, building communities and showcasing Canadian entrepreneurship on the global stage.

“At the end of the day, they usually plan these calendars in retail months in advance."

Retail media networks remain significantly undervalued by brands and advertisers, despite the growing potential for retailers to generate high-margin revenue from their customer data.

Known customers are 61% more likely to make repeat purchases, says EY.

While private label has long held sway in categories like fresh food, it’s now expanding into new territory.

Key findings include a significant portion of consumers planning to buy less, changes in dietary habits due to rising prices, and a growing divide in sustainable consumption behaviour between older and younger generations.

It's a concerning trend for brands and retailers as efforts to create brand awareness could be nullified as consumers attempt to make ends meet amid inflation.

The dynamic partnership will establish a first-of-its-kind EY wavespace x Shopify Centres, and will reimagine the future of e-comm while unlocking new markets for retailers.

The pandemic changed retail and logistical nightmares were among challenges requiring retailers to plan better or face even more hurdles heading into December.

Concerning news for retailers as consumers pull back and look to save money for the future rather than spend now.

Consumer sentiments around sustainable practices have heightened over the past 18 months, but so, too, has the need for cost-savings.