The sales in general merchandise stores in Canada have shown gradual growth from 2014 to 2023, standing at 0.7 units in 2023. Variations year-on-year were stable with a notable stagnant growth phase between 2021 and 2024, before showing a slight rise in 2025. The forecasted compound annual growth rate (CAGR) over the next five years is expected to be 5.15%, with a cumulative five-year growth rate of 28.57% by 2028.
Future Trends to Watch For:
- Continued digital transformation impacting brick-and-mortar sales.
- Potential changes in consumer behaviour post-pandemic.
- Inflation and economic factors influencing consumer spending.
- Emerging trends in sustainable and locally sourced products.
