•   
  •   
  •   

Money Four innovations Canadian retailers should be watching

16:45  10 december  2019
16:45  10 december  2019 Source:   vancouversun.com

How Did Black Friday Get Its Name?

  How Did Black Friday Get Its Name? The day after Thanksgiving, one of the busiest shopping days of the year, has a rather sinister label. How did that happen?If Black Friday is such a financial benefit, why is it called Black Friday? That modifier was usually reserved for cash-draining events like the Black Thursday that precipitated the 1929 stock market crash or the 1869 gold market collapse that led to financial ruin.

Canadian retailers are falling behind when it comes to innovation . Consumer behaviours have changed and retailers have to recognize that it’s no longer business as usual Patterson revealed and described four major retail innovations that should have Canadian retailers on high alert.

Canadian retailers are falling behind when it comes to innovation . Consumer behaviours have changed and retailers have to recognize that it’s no longer business as usual, said Craig Patterson, a Canadian retail consultant and editor-in-chief of Retail Insider.

a close up of a sign: Outside of Amazon, a lot of traditional Canadian retailers are lagging behind Asian markets in innovation and speedy delivery. © Brendan McDermid Outside of Amazon, a lot of traditional Canadian retailers are lagging behind Asian markets in innovation and speedy delivery.

Canadian retailers are falling behind when it comes to innovation.

Consumer behaviours have changed and retailers have to recognize that it’s no longer business as usual, said Craig Patterson, a Canadian retail consultant and editor-in-chief of Retail Insider .

He said Asian retailers, particular in China and South Korea, have been making the most dramatic innovations, many of them technological. And as traditional Canadian retailers continue to run themselves out of business, international retailers will continue to eye Canadian expansions to fill the gaps.

Shoppers head out Black Friday instead of Boxing Day in search of holiday gifts

  Shoppers head out Black Friday instead of Boxing Day in search of holiday gifts Shoppers head out Black Friday instead of Boxing Day in search of holiday giftsThe shift comes as consumers increasingly plan to spend before Christmas and check gifts off their holiday lists, industry watchers say, and the change offers retailers a slight edge.

Canadian retailers are falling behind when it comes to innovation . Read More. flipped into Metro Vancouver. Business ( Canada ). Four innovations Canadian retailers should be watching .

Four innovations Canadian retailers should be watching .  Four tips for indie Vancouver retailers to secure top space. Three situations to watch in Vancouver's robust commercial property market.

Related video: Grocery store creates embarrassing plastic bags [Provided by The Canadian Press] 

“I don’t think some retailers have figured that out yet in Canada, because you almost have to travel and see what’s happening in other parts of the world,” he said.

Patterson revealed and described four major retail innovations that should have Canadian retailers on high alert.

Rapid-fire delivery

We’re already seeing big e-commerce players like Amazon doing this well in Canada, but most other Canadian retailers are falling behind the delivery expectations of Canadian consumers.

Vancouver bans plastic bags, straws, foam containers and other single-use items

  Vancouver bans plastic bags, straws, foam containers and other single-use items Vancouver is bringing in bans on the use of plastic bags, disposable cups, plastic straws and other single-use items. Mayor Kennedy Stewart says bylaws passed by city council balance public demand for action on disposable items with the needs of those with disabilities and the business community. Under the new rules, plastic and compostable plastic straws will be banned on April 22, but food vendors must provide bendable straws upon request to meet an accessibility requirement.A one-year extension has been granted to allow plastic straws served with bubble tea, allowing more time for the market to provide alternatives.

Four innovations Canadian retailers should be watching . Three situations to watch in Vancouver's robust commercial property market. Local News. Growing population, declining mortgage rates speed up B.C. housing recovery.

28 November at 23:29 ·. Canadian retailers take notice: Asian retailers are mastering rapid-fire delivery, food and beverage curation and high-tech personalization. theprovince.com. Four innovations Canadian retailers should be watching .

“The consumer wants what they want, how and when they want it, and that’s not happening with some retailers,” Patterson said. “It’s expensive and takes co-ordination.”

Patterson said Hema, a grocery retail chain by Chinese giant Alibaba , has more than 60 high-tech physical stores in China but has also created a seamless mobile app. Items ordered via the Hema app can be delivered in less than an hour to customers’ homes.

Many Canadian online purchases for some products can take several days, if not weeks, Patterson said.

Personalization

Major players overseas are able to use tech such as artificial intelligence and augmented reality to personalize the consumer in-store experience.

“You can walk into a store and opt in to certain communications,” Patterson said. That could be a text message tailored to your shopping history that makes product suggestions or notifies you of sales on products you typically purchase.

Black Friday: Montreal retailers resent customers who try it on for size then buy online

  Black Friday: Montreal retailers resent customers who try it on for size then buy online Benoit Séguin has seen the power of e-commerce firsthand — and he’s not amused. In his 15-year career at l’Artiste du patin, the Brossard skate store that he now manages, Séguin has served a range of customers that includes amateur figure skaters and pro hockey referees. Some of his more recent encounters have been downright frustrating. “I’ve had customers come in, ask me all sorts of questions about the best product for them, try a few pairs on and then tell me they’ll think about it,” Séguin said in an interview Thursday, on the eve of Black Friday, one of the busiest shopping days in Canada.

Four innovations Canadian retailers should be watching . Canadian retailers take notice: Asian retailers are mastering rapid-fire delivery, food and beverage curation and high-tech personalization. Looking for a deal? Prices fall for recreational properties in Canmore: Royal LePage report.

Four innovations Canadian retailers should be watching . Nine tips for renters struggling in Vancouver's tough housing market. In recent years, there have been two main drivers of Canada ’s surging office market. But what happens if one of those drivers looks like it might be failing?

We’re also seeing new tech like virtual mirrors in overseas stores, or virtual-reality goggles or phone apps that can reveal what you would look like in a certain outfit, or how a piece of furniture would look overlaid on an image of your living room.

Serious food and beverage options

A typical Canadian shopping centre likely has a food court with the usual fast-food suspects. That food court might comprise 10 per cent of a shopping centre’s footprint, Patterson said.

In many Asian cities, shopping centres have entire floors dedicated to a variety of highly curated and unique dining and beverage options. Up to 40 per cent of some large shopping centres are dedicated just to food, Patterson said.

“This leads to increased number of visits and dwell-time,” he said.

App and facial recognition payments

Patterson said payment apps like WeChat Pay and AliPay are already becoming common in Asia. Not so much here in Canada.

Earlier this month , the owner of the China-based Foody Mart grocery chain said the company is considering introducing payment by Chinese-made facial recognition devices at its stores in Ontario and B.C.

Canadian men are shopping on social media more than women, PayPal survey finds

  Canadian men are shopping on social media more than women, PayPal survey finds The study, published by PayPal Canada, found that 33 per cent of men are shopping on social media compared to 26 per cent of women on a monthly basis.PayPal Canada's Social Commerce Trend Study found that 33 per cent of men who use social media are doing their shopping through those platforms on a monthly basis, compared to 26 per cent of women.

Canada 's west coast is the region most vulnerable to to forest fires this year, according to spring predictions from the Canadian Forest Service. Four innovations Canadian retailers should be watching | Vancouver Sun. Entertainment - TV Listings - Vancouver Sun.

Setting our sights to the Great White North, we take a look at the 20 Canadian retailers every Highsnobiety reader should know. Following up on our investigation into the best Canadian brands, it only seems fitting to flip the script.

“Retailers now really have to make experiences like payment seamless,” Patterson said.

But facial payments are in the early stages here and might meet major resistance. “I think (facial recognition payment) is controversial,” Patterson said. “Will it be rolled out here? I don’t know. We are a little more worried about our privacy.

“I’m sure people will be asking questions,” he said. “What data are they collecting on me?”

evan@evanduggan.com

twitter.com/EvanBDuggan

Are you on LinkedIn? Follow Microsoft News Canada and keep up with the latest industry news, career, jobs and tech updates. Connect with us now!


Ontario removing cap on number of pot shops, opening up market for retailers .
Ontario is removing the cap on the number of pot shops in the province and nixing some qualification requirements for would-be retailers in a bid to clamp down on the number of illegal stores.Attorney General Doug Downey announced details of the changes weeks after the government first signalled its intention to open the cannabis market.

—   Share news in the SOC. Networks

Topical videos:

usr: 2
This is interesting!