Jewellery retail sales dipped 60 per cent in March: Stats Can

by Samantha Ashenhurst | June 1, 2020 10:30 am

Canadians spent $47 billion at retailers in March, marking the worst month since 2016, Statistics Canada reports.[1]
Canadians spent $47 billion at retailers in March, marking the worst month since 2016, Statistics Canada reports.

The mandatory shutdown of Canada’s non-essential businesses resulted in a record-breaking plunge of the country’s retail sales.

Retailers sold 10 per cent fewer goods in March than February, Statistics Canada reports[2]. The decline, which is attributed to the closure of about 40 per cent of Canadian retail outlets due to COVID-19, is the biggest drop on record, CBC News reports[3].

Specifically, retailers in the category of ‘jewellery, luggage, and leather goods’ saw a 60 per cent drop in sales from February to March, with nationwide sales dropping from $313 million to $168.5 million.

Overall, Canadians spent $47 billion at retailers in March, making it the worst month since 2016, CBC reports.

Endnotes:
  1. [Image]: https://www.jewellerybusiness.com/wp-content/uploads/2020/06/SA_COVID.jpg
  2. Statistics Canada reports: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010000802
  3. CBC News reports: https://www.cbc.ca/news/business/retail-sales-march-1.5580067

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