Canadian retail sales see highest gains since 2002
By CO Staff @canadaone | April 11, 2006
In 2005 Canadian retailers registered their highest year-over-year increase in retail sales since 2002, with a total spending of $369.2 billion. These gains were led by a strong increase in sales of automotive fuels, oils and additives as well as hardware, lawn and garden products.
As gas prices soared in 2005 about 9 cents of every retail dollar was spent on automotive fuels, oils and additives, compared to just 6 cents in 1998.
In the realm of motor vehicle sales, service and parts the sale of new vehicles accounted for 55% of total sales while the sale of used vehicles rose by only 1.8%. Revenues from automotive parts and accessories increased by 9.5%.
Here are some of the key numbers from Statistics Canada's Quarterly Retail Commodity Survey, fourth quarter 2005 and annual 2005.
Table 1: Consumer spending breakdown by category
|Food & beverages||22%|
|Motor vehicles, parts and services||22%|
|Automotive fuels, oils and additives||9%|
|Furniture, home furnishings and electronics||9%|
|Clothing, footwear and accessories||8%|
|Health and personal care products||8%|
|Hardware, lawn and garden products||7%|
Table 2: Sales increases by commodity
|Total spent in 2005|
|Hardware and home renovation products||+8.2%||$19.9 billion|
|Lawn and garden products||+10.2%||$5.3 billion|
|Furniture, home furnishings and electronics||+5.4%||$33.3 billion|
|- home furnishings||+6.1%|
|- household appliances||+6.2%|
|- home electronics||+4.5%|
|Motor vehicle, parts and services||+5.5%||$80.8 billion|
|Food & beverages||+5.5%|
|Clothing, footwear and accessories||+4.0%||$30.4 billion|
|Health and personal care products||+5.2%|
|- prescription drugs||+7.1%|
|- over-the-counter drugs and vitamins||+2.9%|
Table 3: Annual sales by commodity, all retail stores
|2003 to 2004|
|Food and beverages||73,284||76,869||81,071||4.9|
|Health and personal care products||27,154||29,283||30,815||7.8|
|Clothing, footwear and accessories||28,156||29,206||30,360||3.7|
|Furniture, home furnishings and electronics||29,874||31,605||33,325||5.8|
|Motor vehicles, parts and services||76,271||76,599||80,784||0.4|
|Automotive fuels, oils and additives||25,325||29,016||34,164||14.6|
|Hardware, lawn and garden products||20,998||23,189||25,190||10.4|
|Sporting and leisure goods||12,038||12,292||12,830||2.1|
|All other goods and services||31,889||32,357||33,133||1.5|
Source: Statistics Canada www.statscan.ca
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