As the COVID-19 pandemic continues to reshape consumer preferences in the retail industry, large shopping centres will either pivot or fade into memory.
Charles de Brabant, the executive director of the Bensadoun School of Retail Management, is disappointed with the stagnancy and inefficiency he鈥檚 witnessed in recent years. With the rise of online shopping cutting into their profit margins, large shopping centres must adapt more nimbly to have a shot at survival.
A new wave of sustainability-focused retailers are embracing a package-free retail trend to minimize the environmental impact of shopping for groceries and everyday goods.
Professor Saibal Ray, the academic director of the Bensadoun School of Retail Management, applauds the innovative attempts to avoid packaging while pointing out the difficulty of implementation.
In recent months, property firms behind prominent shopping malls across North America have taken Hudson鈥檚 Bay Co. (HBC) to court to claim unpaid rent totaling millions of dollars. While industry analysts question the financial security of the Canadian icon, recently taken private following a months-long process, key HBC executives cite the landlords鈥� unwillingness to absorb the share the costs of the pandemic as the primary reason for the dispute.
Alimentation Couche-Tard Inc. and 香蕉视频 are opening a retail lab in Montreal that will let consumers get a taste for technologies that may transform retail in the in the current and post-COVID-19 pandemic world. It will give McGill faculty and students a chance to do research and testing in a real retail environment. ()
Here is an expert from 香蕉视频 that can provide comment on this issue:
Partnering with Alimentation Couche-Tard Inc., the new retail innovation lab at McGill鈥檚 Bensadoun School of Retail Management will enable ground-breaking research and test innovations, including frictionless technologies
香蕉视频 and Alimentation Couche-Tard Inc. announce their partnership in the launch of a retail innovation lab at the Bensadoun School of Retail Management鈥攁 live testing ground for innovative and frictionless technologies that address the retail sector鈥檚 challenges of the future.
Charles de Brabant,聽Executive Director of the Bensadoun School of Retail Management, is optimistic about the future of retail following a horrendous year for most Canadian retailers. Giants like Amazon and Walmart, who account for 20% of the retail market, still generated profits in 2020, but the remaining 80% fared so poorly that they brought overall industry profits down by 93%.
In anticipation of a two-week shutdown of non-essential businesses starting December 25, Quebec retailers are moving Boxing Day sales up a week. According to Charles de Brabant, Executive Director of the Bensadoun School of Retail Management, Boxing Day sales have already lost ground to Black Friday and Cyber Monday, making them less vital but for moving year-end inventory off the shelves.聽聽
The launch of the largest vaccination campaign in history involves the mass production of medical vials constructed out of borosilicate glass.
As social distancing measures remain in replace across Canada, consumers are flocking to buy automated food and drink kiosks for fresh, made-to-order food and beverages with little to no human contact.
Professor Saibal Ray, Academic Director of the Bensadoun School of Retail Management, describes the daunting complexity involved in ramping up the first round of COVID-19 vaccine production. From transportation to coordination, getting the right amount of vaccines to the right place and the right time is no small feat.聽
Only 30 percent of Canada鈥檚 small business are hitting normal sales numbers as the second wave of the pandemic crashes into their bottom line. According to Professor Yu Ma, Academic Director of the Master of Management in Retailing, nothing short of digital transformation will equip these businesses to survive.
The Chamber of Commerce of Metropolitan Montreal hosted a Strategic Forum of Retail Trade with the goal to highlight how the COVID-19 crisis is shaking up the Quebec retail sector. This forum allowed key players in retail to take stock of the current transformations and consider courses of action to innovate and relaunch the retail trade in a sustainable manner.
Historically, December yields the largest profits for retailers, who are accustomed to ramping up their year-end operations to keep pace with the hustle and bustle of holiday shopping. This December, however, is a different story.
As the recent surge of the COVID-19 pandemic forces businesses across Canada to close their doors once again, retailers must adapt to survive.
Anwar White, Program Director of the Master of Management in Retailing, weighs in on current shopping trends in Quebec as the COVID-19 pandemic casts a shadow over the holiday season. From a growing trend toward e-commerce to in-store pickup, shoppers seek a balance between health concerns and convenience as they adapt their holiday plans to a new reality.
