Canada-based credit and debit card processor Moneris Solutions Corporation has announced that Black Friday and Cyber Monday spending in Canada jumped 19.19% and 29.33%, respectively, compared to last year. This indicates that these traditionally popular US shopping days – which are still relatively new to Canada – are gaining significant traction north of the border.
The Moneris Spending Report, which provides a snapshot of consumer spending activity in Canada by analysing credit and debit card transaction data, shows that department stores saw the largest increase in spending on Black Friday, at 26.21%, compared to the same day in 2012. This was followed by apparel, with a 20.22% jump in dollars spent. Within the apparel category, men’s clothing saw the highest year-over-year growth at 53.24%, making it one of the most popular purchases on Black Friday 2013. Within specialty retail, camera and photography supplies (40.28%), sporting goods (39.96%) and shoe stores (36.58%) proved to be popular among Canadian bargain hunters this year.
Online sales on Cyber Monday also skyrocketed, generating a spending increase of 29.33%, compared to the same day in 2012. Specialty retail topped the spending list, with a 39.23% jump in dollars spent. Within the specialty retail category, sporting goods (105.46%) and shoe stores (93.43%) were the most popular among Canadian shoppers on Cyber Monday.
The apparel category sales rose by 27.33% compared to the same day in 2012. Interestingly, while consumer electronics (including radio, television and stereos) experienced a drop (-35.02%) in year-over-year sales on Black Friday, the opposite was true on Cyber Monday (45.82%). This may suggest that Canadian shoppers were less likely to brave the stores and possible crowds for these items on Black Friday, choosing instead to wait for online deals on Cyber Monday.
“This year’s Black Friday and Cyber Monday were a real win-win for Canadian shoppers and merchants, alike. While shoppers took advantage of pre-holiday bargains, merchants boosted their end-of-year revenues, with nearly all retailers seeing their sales increase significantly compared to 2012. This spending spike might be an early sign of a busier holiday shopping season this year,” says Jeff Guthrie, chief sales and marketing officer at Moneris.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
/ 
For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
/ 
Finding the treasure chest of opportunities needs years of journeying through the
How is the food service industry in the Kingdom of Saudi Arabia
The fusion of global and local trends will support the fashion industry
Numerous homegrown brands from the Kingdom of Saudi Arabia are spreading wings
How is the retail industry adapting to rapidly changing consumer behaviour –
While it may not reach the heights of 20-25% penetration, the e-commerce
With coffee being a preferred beverage, the GCC coffee industry has seen
Forty-four percent of TikTok users in the GCC buy something to fit
A frictionless omnichannel experience which is predictive, value-focused, and highly personalised is
Previous Article
