Canada’s Largest Retailer Is…

Which retailer is Canada’s largest? Revenue-wise, George Weston is the leader by “a clear margin,” according to a report yesterday from Colliers (citing 2013 Globe and Mail data). Weston generated $77.2B, including its Shoppers Drug Mart and Loblaw Cos banners. Walmart is tops among single-store brands, with $27.1B in sales across 400 stores. (Target Canada had comparatively anemic revenues of $1.3B over 13.6M SF.) Walmart (55M SF) is a front-runner on floor area, but the report notes Weston, thanks to Shoppers, has 66.4M SF. “Westons trump the Waltons in this category too.”

Apple's the runaway champ when it comes to sales productivity. It operates 29 stores nationwide, occupying a mere 203k SF, but posted sales of $1.47B in 2013, an average sales productivity rate of $7,200/SF. “Expect these numbers to rise even higher once the Apple Watch is sold through stores and not just online,” Colliers notes. Speaking of online, Amazon is Canada’s biggest retailer in cyberspace, with $2B in sales in 2014, though Walmart's making a push, with over $1B in online sales, which Colliers says are growing at an average of 165% per year.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Miami Retail Construction Pipeline Hits Highest Level In 3 Years

How U.S. Giant Realty Income Bought The UK And Europe

Spirit Christmas Unveils Plans To Grow Store Count This Holiday Season

How Houston's Next Generation Of Retail Can Elevate The Suburbs And Attract Customers

Deutsche Bank Files $260M Foreclosure Suit For Broward County Mall

Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly

Holographic Zoo Leases 51K SF Coconut Grove Building For First Location

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Local Investor Pays $30M For Block 37 In Heart Of Downtown Chicago

M Core Extends Its Retail Shopping Spree

Oprah-Backed Health Food Chain Files For Bankruptcy, Seeks To Exit Leases

Federal Realty Spends $508M On Alabama Power Center