Canadian retailers bounced back from COVID-19 in a big way in May, with sales up almost $42 billion or 18.7 per cent from April’s record low.
Canadian retailers bounced back from COVID-19 in a big way in May, with sales up almost $42 billion or 18.7 per cent from April’s record low.
Statistics Canada reported Tuesday that sales in 10 of the 11 sub-sectors the data agency tracks were higher during the month, as large parts of the economy started to reopen after being completely shut in March and April due to the pandemic.
The only type of store that didn’t see sales increase in May was grocery stores, because business was booming in that industry since the early days of the pandemic. Grocery store sales slipped two per cent from April’s level. Every other type of store saw higher sales.
Sales of cars and car parts increased for the first time in three months, clocking in with a 66 per cent increase in sales during the month.
Other stores fared even better, such as clothing stores (up 92 per cent) sporting goods, hobby, books and