The General Merchandise Stores E-Commerce share of retail sales in Canada for 2024 is forecasted to be $594.25 million, rising steadily to $701.04 million by 2028. In 2023, the value stood at $567.08 million. This indicates a robust year-on-year growth pattern: 4.8% from 2023 to 2024, 4.6% from 2024 to 2025, 4.3% for 2025 to 2026, 4.1% for 2026 to 2027, and 3.8% for 2027 to 2028, with a CAGR of 4.3% over the forecast period.

Future trends to watch for:

Increased mobile commerce penetration
Technological advancements in payment systems
Growing consumer preference towards online shopping due to convenience and broader product categories
Potential impacts of regulations affecting e-commerce