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Retail profits in 2006 highest in four years


March 28, 2008
By The Canadian Press

March 26,
2008, Ottawa – Canadian consumers and homeowners spent more at motor
vehicle dealerships and in home-and-garden stores in 2006, driving
retail operating profits to their highest level in four years.

March 26,
2008, Ottawa – Canadian consumers and homeowners spent more at motor
vehicle dealerships and in home-and-garden stores in 2006, driving
retail operating profits to their highest level in four years.

Statistics Canada reports retailers recorded operating profits of $21.8
billion in 2006, a 9.5 per cent increase from the previous year and the
highest level since 2002.

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Retailers, both store and non-store reported operating revenues of
$427.2 billion in 2006, up 5.7 per cent – well above the previous five
years' annual average growth rate of 4.7 per cent.

Chain stores reported operating revenues of $190.3 billion in 2006, up
7.3 per cent, while revenues for non-chain stores rose 4.6 per cent to
$223.5 billion.

Sales for non-store retailers – operators of e-commerce, mail-order, and vending machines – rose 1.3 per cent to $13.4 billion.

Chain stores continued to chip away at the dominance of non-chain
stores: On average, their revenue share increases one per cent a year
and 2006 was no different as chain stores accounted for 46 per cent of
store-based revenues, up from 45 in 2005.

Virtually all revenue generated in department stores, as well as beer, wine and liquor stores, are from retail chains.

In addition, clothing chain retailers accounted for just over
three-quarters of clothing retail revenue (78 per cent). In contrast,
most new car dealers were not part of a retail chain, with only four
per cent of sales generated by retail chains.


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