Retail Sales Continue Drop


Retail sales fell 0.6 per cent to $55.8 billion in July, the third decrease in four months, says Statistics Canada. The decline was primarily driven by lower sales at food and beverage stores (down 3.4 per cent) and building material, garden equipment, and supplies dealers (down 7.3 per cent). However, core retail sales, excluding gasoline stations, motor vehicle, and parts dealers, decreased 1.3 per cent. Specifically, sales of building material, garden equipment, and supplies dealers decreased for a fourth consecutive month, down 7.3 per cent. Also, on a seasonally adjusted basis, retail eCommerce sales fell 19.5 per cent in July and on an unadjusted basis, and retail eCommerce sales went down 2.9 per cent year-over-year to $2.9 billion in July, accounting for 4.6 per cent of retail trade.