5 Canadian consumer trends to shape the future of retail
SubscriptionsGo to the Subscriptions Centre to manage your:My ProfileCanadians consumers are increasingly looking for Canada Goose sale healthy and locally made products, according to a new study from the Business Development Bank of Canada that identifies five trends shaping canada goose outlet store locations consumer behaviour.The BDC study released Monday also looks at the increasing importance of the internet in decision buy canada goose jacket cheap making, with half of consumers conducting an online cheap Canada Goose search prior to buying.”It’s canadian goose jacket a look at how consumers perceive value now and it’s important for small and medium sized enterprises to be aware of these trends to stand out in a crowded marketplace,” said Canada Goose Jackets Pierre Clroux, chief economist for the BDC.The five consumer trends identified by the BDC are:The buy local movement: Consumers are shopping close to home, looking for locally made goods and aware that canada goose deals buying Canadian made canada goose black friday sale may be a better ethical and environmental choice.Rising health awareness: The aging population is becoming more aware of healthy choices in food, cosmetics and ergonomically designed products. Half of Canadians consider the health impact of a product when making purchasing decisions and one third are willing to pay a premium for healthy products.Frugality: Canadian incomes are stagnant and debt is high, linked website meaning consumers canada goose clearance are cautious about spending. As the buy canada goose jacket baby boomers retire, an increasing portion of the population will be living on fixed incomes.The desire for customized goods: Consumers canada goose are looking to get exactly what they want and new technology makes it possible for them to buy it.The impact of the internet: An increasing amount of research about products is done online, even when consumers don’t buy online. At Canada Goose Outlet the same canada goose replica time, online shopping is growing and online reviews are critical.”We see the impact of technology increasing canada goose outlet toronto factory every year,” said Clroux. Some products aren’t suitable for buying online cars, for example but consumers will Canada Goose online turn canadagooseonlineshop to the web first to research a product.Consumers use the internet to find out where to buy, how much things cost and details of the product, including dimensions, materials and ratings. Online reviews are critical, with 70 per cent of buyers saying they are influenced by such reviews.”This is a growing trend. We can’t go back. It is critical canada goose coats on sale for small business to get ahead of internet trends and manage their image, including managing online reviews,” canada goose clearance sale Clroux said Canada Goose Parka in an interview with CBC News.About 30 per cent of Canadian small businesses don’t have a web presence, he added. “And it’s not just having a website. They need more than that they also Canada Goose Coats On Sale need a strategy on the web.”The Canada Goose Online BDC study found 45 per cent of consumers had made an effort to buy local in the past year, 87 per cent believed it was more environmentally responsible and 97 per cent said they bought a product to support the local economy. canada goose store They also are paying close attention to corporate business practices.This canada goose coats goes beyond the local food trend seen in farmers markets popping up in urban centres throughout the country, Clroux said.’In general, consumers are looking to buy Canadian products because 2018 canada goose outlet when they buy local it has a positive impact on Canada and Canadian jobs and the environment.’.