Retail business in Quebec: substantial increase in sales in 2018

Commerce de détail au Québec: hausse importante des ventes en 2018

MONTREAL — For the third year in a row, sales of retail stores in Quebec have experienced in 2018 a significant growth.

Even if the numbers have not yet been compiled in a formal way, sales would have increased 4.2 percent last year, according to the Conseil québécois du commerce de detail.

Its president-general director-Léopold Turgeon points out that the growth had been 6 per cent for each of the two previous years, 2016 and 2017.

Mr. Turgeon assigned to particular this good performance to the low value of the canadian dollar against the u.s. currency, which encourages consumers to buy in Quebec.

Léopold Turgeon expects the trend to continue into 2019. It does, however, a downside: the interest rates will stay low, as the value of the canadian dollar.

The Conseil québécois du commerce de detail note also a slight growth in sales in stores in 2018, while e-commerce has continued its meteoric rise.

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