Is E-Commerce Saving Canadian Retail Businesses?

There’s no question that online shopping is becoming an increasingly popular way for Canadians to make purchases. Many would argue that it’s the only way to make purchases! “I only buy online,” one of our colleagues exclaimed last week, “It makes life so much easier to not have to leave your house to get what you want – especially in this weather. During the holidays, all I did was shop online!”

The love for online shopping is felt throughout the nation.

It appears as if the rest of Canada shares the sentiments of our colleague. And that includes Canadian business leaders. As Josh O’Kane reports for The Globe and Mail, nearly three-quarters of executives believe that foreign competition is threatening Canadian retailers and that our home grown businesses need to better adopt e-commerce solutions to sell their products.

These findings are from the 49th edition of the C-Suite Quarterly Survey which interviewed 153 executives between November 11 and December 6, 2017. Most are concerned about the future of the Canadian retail industry. However, they are optimistic that with more business owners embracing e-commerce, the Canadian sector can grow.

“The country, three-quarters of them say, is actually in a good position to do so, thanks to its work force and adoption of technology,” reports O’Kane, “And they don\’t see the closure of Sears Canada as a bellwether for broader Canadian competitiveness – they believe it\’s a unique case, driven by its own circumstances and management.”

By increasing e-commerce presences, Canadian retailers can become more competitive.

This, according to the survey, is the number one way to make our nation’s businesses successful. The team, here at Canadian POS Corporation, certainly agrees. To be honest, we can’t say that we are at all surprised by the results of the survey. It’s been long known to us that online shopping is the way of the future.

This is not to say that brick-and-mortar store locations will ever become things of the past. But, it is more than evident that the internet has taken over as top choice destination for all things retail, entertainment and news. The world practically lives online. There seems to be an app for everything. All the information we need is at our fingertips. Why wouldn’t you want your business to be just as accessible?

How can Canadian POS Corporation help you to take advantage of Canada’s love for online shopping?

At Canadian POS Corporation, we offer an e-commerce solution that gives Canadian business owners everything they need to safely and securely accept all credit cards online. That includes Visa, MasterCard, Discover Network and American Express. Keep in mind that when you open your online shop, you’ll be able to significantly increase your customer base. Operating an online business means that you’ll be open 24/7 to a worldwide audience!

With our e-commerce solution, you will have secure real-time transaction processing and advanced risk management tools that protect your online business from fraud. And because you’ll have a direct connection to our powerful and reliable processing network, you can eliminate the costs and complexities of dealing with a third-party gateway provider.

For more information, please don’t hesitate to call Canadian POS Corporation at 1-877-748-2884 or email us at info@localhost.