2020 Was a Very Good year For some canadian retailers

Despite the pandemic, 2020 was a good year for many Canadian retailers. Preliminary yearend data by Statistics Canada show most retailing subsectors have returned to pre-pandemic levels of sales and some have more than offset losses early on in the crisis. The data illustrate how Canadian households have emerged from the economic crisis largely intact — cushioned by massive income support payments, a strong rebound in jobs, surging home prices and stock market gains. retail sales in december are estimated at about 3 per cent above what they were in february — even with an expected sharp decline at the end of the year amid a fresh wave of new lockdowns. Nine of 11 subsectors tracked by Statcan surpassed pre-pandemic monthly sales levels, with gas stations and clothing stores the exception.