Business and commercial ventures: Foreign retailers choose Canada

Many foreign retailers are choosing Canada to set up shop, even though they're treading lightly. Business and commercial ventures are up with respect to these retailers. In fact, 2017 was a record year in Canada for international businesses coming into the retail market.

Twenty-one internationals shops opened their doors in Canada in 2016. That number jumped to around 50 in 2017. These retailers really started to consider Canada in the early 90s and since then their footprint here has been considerably deeper. Their presence made 2017 a marker year for retail and commercial business in Canada. At the end of October, sales were up 7 per cent over the same period the previous year, Statistics Canada numbers show.

All commercial sectors, with the exception of grocery stores where the competition is fierce, saw sales growth rate numbers at the highest they've been in more than a decade. These retailers consist of huge retail companies from the United States, to smaller niche market boutiques from China. Even appliance and electronic retailers saw more than an 11 per cent sales gain in 2017.

The laws surrounding business and commercial retailers are many and complex. Those who wish to set up shop in Canada would do well to consult a lawyer experienced in business and commercial law on a provincial and national level. A lawyer experienced in this area of the law knows all the legalities with which a particular client would have to deal and can advise him or her accordingly. The best place to begin is simply by arranging a consultation.

Source: business.financialpost.com, "Record number of international retailers set up shop in Canada in 2017 -- but with a much smaller footprint", Hollie Shaw, Jan. 3, 2018

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