Tariffs and Trades – Retail Council of Canada
On March 4th, the US Tariffs and Canadian Counter-Tariffs came into effect. Retailers across Canada are curious what this means for them, and the Retail Council of Canada has prepared some resources to help you better understand how this might affect you and your business.
Learn MoreFemale Founders Drive Canada’s Small Business Growth: GoDaddy
article by Retail Insider, Mar 6, 2025
Ahead of International Women’s Day 2025 (March 8), GoDaddy has released new data to highlight the impact of female founders on Canada’s small business economy.
Figures from Venture Forward – GoDaddy’s research initiative which analyses over 770,000 Canadian small businesses with 0-9 employees – show that 43% are run by women, and 48% of these female-led businesses were started in the last five years, said the company.
“Despite varying outlooks on the current Canadian economy, with only 35% of female founders expressing optimism, they are more bullish about their own business’ prospects. Seven in ten (70%) are optimistic about their companies over the next six months, and 29% plan to hire new staff in the next year,” said GoDaddy.
“Canadian women entrepreneurs are making their mark right now, with over one in four women (26%) the primary income earner for their household. One third (33%) say their small business turns over more than $5,000 revenue in an average month.”
Continue ReadingGenerative AI and Social Media Dominate Purchase Decisions
article by Retail Dive, Feb 27, 2025
Consumers are turning to social media as a primary source when shopping, Capgemini found. Now, they want generative AI to aggregate those results.
Consumers are growing reliant on social media as a primary source across the entire shopping experience, from discovering products to making purchase decisions and engaging with retailers.
Nearly one-third of shoppers used social media to buy products and identify new brands last year, up from one-quarter in 2023. That number is even higher for Gen Z shoppers, where more than two-thirds have discovered a new product or brand on social media.
“Social commerce is the retailer’s route to Gen Z,” Capgemini found. Over half of Gen Z have bought products through a social media platform.
Beyond recommendations, consumers are also looking to social media for answers to questions about products, for reviews and to reach the retailers they purchase from. Over half of consumers occasionally use social media to search for product information and reviews. Two in five shoppers use social media for customer service.
Continue Reading59 Marketable March Social Media Ideas (+Tips, Holidays & More!)
article by LocaliQ, Feb 27, 2025
March is a confusing month. It’s not yet fully spring, but it doesn’t quite feel like winter either. Pick one, March!
A strong March is crucial to your business’s marketing plan since the end of the month also marks the end of the first quarter of the year. Be sure you’re staying on track with your 2025 marketing goals by taking advantage of each day this month has to offer on social media. Today, we’ll help you to do so by calling out our best March social media hacks. When you’re done reading this post, you’ll feel ready to manage March marketing with ease.
Know your goals
As Q1 ends in March, this is the perfect time to check in on your social media goals. Before you start using the ideas we discuss below, be sure that your post schedule aligns with your business’s overall marketing goals.
If you don’t already have social media goals in place to reference, it’s never too late to establish a few! Start by evaluating any business challenges you hope social media will solve and use handy goal-setting templates.
Continue ReadingNo Holiday Miracle for Canadian Retailers in December [Analysis]
article by Retail Insider, Feb 21, 2025
The month of December is always a critical period for retail sales, as it encompasses the holiday shopping season. This year, Canadian retail sales showed a 3.7% YOY growth across all stores. For All Stores Less Automotive, Food, Pharmacies, the growth was 3.2% YOY. While these figures seem promising, a deeper dive into the data reveals some intriguing trends and raises questions about the underlying factors influencing these numbers.
Despite the introduction of the GST/HST break, which was expected to boost consumer spending, there was seemingly no impact on the food categories or alcohol sales, where we expected to see impact. In fact, some segments saw a decline:
- Supermarkets and Other Grocery Stores: down -0.4% YOY
- Convenience Stores: down -4.7% YOY
- Specialty Food Stores: down -2.0% YOY
- Beer, Wine, and Liquor Stores: down -7.9% YOY
These declines suggest that consumers may not have been significantly swayed by the tax break in these categories. Conversely, categories that could have benefited from the tax holiday through toys and children’s items showed impressive growth:
- Clothing and Accessories Stores: up 4.9% YOY
- Sporting Goods, Hobby, Book, and Music Stores: up 6.1% YOY
Just 5% of Small Business Saw a Sales Boost from GST/HST Holiday: CFIB
article by Retail Insider, Feb 11, 2025
As the two-month GST/HST holiday comes to an end, only 5% of small businesses saw stronger sales compared to the same period last year, reported the Canadian Federation of Independent Business (CFIB) on Tuesday.
Among those, only 4% of businesses in retail and 15% hospitality saw an increase in their sales, it said.
“By all accounts the government’s GST holiday was a flop for small businesses,” said Dan Kelly, the CFIB’s President. “For many retailers it was an administrative nightmare to get point-of-sale machines compliant just before Christmas, let alone sort out which LEGO sets the holiday applied to, or how many items in a gift basket had to be tax-free for it to qualify.
“The past few months have been incredibly challenging and filled with uncertainty for many small firms. As they transition their systems back to the original amount of GST, we urge the CRA to be lenient and waive taxes owed, penalties, and interest for good faith errors made during the rushed implementation period. The government should also provide affected businesses with a $1,000 credit in their GST/HST accounts to offset programming and administrative costs they incurred back in December.”
Continue Reading6 eCommerce Payment Methods Your Small Business Needs to Succeed
article by Heartland, Jan 30, 2025
Innovation in fintech (financial technology) is constant, not to mention complex.
We get it. Keeping up with payment trends alone can be challenging. Sifting through the hype to separate the must-have functionality you need from flashy, nice-to-have features can be even more daunting.
It’s time to put those worries to rest. In this post, we’ll bring it all into focus for you. Read on to learn about what’s driving the relentless evolution of digital payments technology and the six online payment methods your small business can’t succeed without.
The pandemic changed digital payments forever
So what ultimately drove payments innovation? In a word: COVID
Here’s a brief history: In 2020, traditional brick-and-mortar businesses that relied primarily on in-person traffic and card-present transactions were forced to embrace ecommerce practically overnight. Digital payments technology — and the convenience that comes with it — created an army of online shoppers that helped businesses survive. But it also set an expectation: that all businesses operate online, with the ability to serve their customers and take ecommerce payment methods with ease.
Years later, that expectation hasn’t changed. In fact, it’s grown. Customers now demand omnichannel capabilities that blend online and in-person payment services perfectly.
Continue Reading