Canadian retailers face a pressure-cooker year ahead
according to new report from Ernst & Young. Canadian retailers will have no
time to enjoy the post-holiday season, as 2011 challenges spill into 2012.
Retailers face numerous challenges, including an influx of foreign
competitors, weak consumer sentiment and decreased consumer buying power,
says Ernst & Young. (Source
Canadian retailers have a Target on their backs
Retailers are bracing for a year of price wars and shrinking profits as
competition heats up ahead of the invasion of the sector’s 800-pound
gorilla. "They all have 2012 to prepare and get their house in order," said
Alex Arifuzzaman, partner i)n retail real estate specialist InterStratics
Consultants. "It’s really going to change the retail landscape."