new survey by the Retail Council of Canada
"Canadians are mindful about what they are spending their money on. They are very careful, but when it comes to the necessities, they are still spending, just maybe a little less and in a more mindful way," Michelle Wasylyshen with RCC told CTV News Toronto.Thirty-two per cent said more, 53 per cent the same, and 15 per cent said less.
Following stationery in this category was clothing at 32.1 per cent, books and music at 23.4 per cent, and personal or home electronics at 18.2 per cent.Almost two-thirds of respondents said they plan to make a dedicated trip to purchase back-to-school items, whereas in 2022, only 32.7 per cent did. The majority of Canadians who responded to the survey -- 73.6 per cent -- are planning to spend more than $50 on school supplies.
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Organized retail crime: Everything consumers need to knowRetail theft, also known as retail shrink, has become a growing concern for retailers across the industry. The annual merchandise shortage rose to $94.5 billion in 2021, according to the National Retail Federation (NRF). Marty Andrews, VF Corporation (VFC) Vice President of Loss Prevention, joined Yahoo Finance Live to discuss what consumers need to know about retail theft as part of the weekly series 'Retail Evolution: The New Era.' Andrews clarified the difference between organized retail crime and shoplifting. Andrews said, 'We need to educate folks on what organized retail crime actually is. And these are individuals and groups going into stores, stealing massive amounts of quantities of merchandise in various stores, day in and day out.' Andrews also touched on some of the actions that organizations and retailers are taking to prevent retail theft. Andrews said, 'Retailers are working collaboratively ... many of these individuals are going to multiple retail locations ... we're getting more traction on those cases. So it's an education process for everyone involved, but it's going to take time and it's going to take resources and definitely collaboration.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »