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
"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
For further information:
Winnie Wong, Consultant
Fusion Retail Analytics
Telephone: 866.398.9927 ext. 709