The Official Voice of the Canadian Gift Industry™
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Industry Information | Research and Reports
Research has indicated that members want to be provided with access to timely and relevant articles that can assist them in running their businesses. In order of descending importance, CanGift members ranked the following as areas of interest: sales and marketing, new product development, consumer and market trends (to keep abreast of changing consumer behaviours), information technology, personnel issues and channel/distribution trends.
May 2014 Retail Sales Increase 3.3% (unadjusted)
To read the full report, click here.
(1) Includes giftware retailers
Source: Statistics Canada
Small Business Confidence Drops Sharply in June
On the wholesale side, confidence was unchanged at 62.3, while the retail outlook fell marginally from 67.3 to 66.
The drop in optimism, however, was not broadly based, suggesting this may not be the beginning of a protracted trend. Regionally, falling sentiment among business owners in Ontario (61.9), Manitoba (64) and Saskatchewan (65.8) alone drove the national figures lower. Elsewhere, provincial and indicators stayed on pattern, with highest optimism found in British Columbia (73.7), Alberta (72.6) and Newfoundland and Labrador (70).
Other indicators show reasonable underlying strength persisting. New order indications are strong, while concern about lack of local demand has fallen to its lowest levels in this business cycle. Short-term hiring plans remain reasonably good for this time of year and pricing and wage growth plans are pinned near the 2% mark. The 39% of owners who say the state of their businesses are in good shape are still below last year's levels, but the trend has been upward lately.
To read the full report, click here. (PDF format)
Measured on a scale between 0 and 100, an index level above 50 means owners expecting their business' performance to be stronger in the next year outnumber those expecting weaker performance. One normally sees an index level of between 65 and 70 when the economy is growing at its potential.
Source: Canadian Federation of Independent Business