Cross-border shopping depressed Canadian retail sales by 0.9% in December 2012

TORONTO, Feb. 19, 2013 /CNW/ - The number of Canadians crossing the border was up 25% year-over-year in December 2012 and up 14% over the last 3 months, according to Statistics Canada.

A 14% rise in cross-border trips translates into a 0.7% reduction in retail spending in Canada, according to an analysis by Fusion Retail Analytics.

"Retail sales in Canada would have been 0.9% higher in December if cross-border shopping had remained at last year's levels," says Joe Thacker, Chief Strategist at Toronto-based Fusion Retail Analytics.

About Fusion Retail Analytics

Fusion Retail Analytics works with retailers to dramatically grow their sales and profits through enhanced decision-making processes and analytics in the disciplines of retail strategy, merchandising, marketing, real-estate, pricing and tracking. For more information, please visit www.FusionRetailAnalytics.com and follow @FusedThinking on Twitter.

SOURCE: Fusion Retail Analytics

Media Contacts

Winnie Wong, Consultant
Fusion Retail Analytics
Telephone: [phone] ext. 709
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