Professor Yu Ma, Academic Director of the Master of Management in Retailing (MMR) program, weighs in on the ongoing impact of the pandemic on Canadian retail trends, particularly the steep rise in e-commerce. From his perspective, the convenience of online shopping comes at the expense of the social aspect that encourages customers to spend their money in-store.
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According to Professor Saibal Ray, most companies were ill-prepared to deal with the surging demand for essential goods after the outbreak of the pandemic in March 2020.
Panic buying and hoarding combined with transport shutdowns to make shortages even more severe.
One year later, we are still feeling the ripple effects of the initial shock to the supply chain.
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A generous $500,000 contribution from KPMG to the Made by 9I制作厂免费 campaign will support the Bensadoun School of Retail Management (BSRM) through funding an annual retail summit that fosters collaboration among leading global retailers.
A portion of the contribution will fund a new Equity, Diversity and Inclusion (EDI) award for students enrolled in specialty master鈥檚 programs at the Desautels Faculty of Management, allowing students from diverse backgrounds to focus on education without financial restrictions.
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Emerging 鈥榮hop local鈥 trends have helped set the Canadian retail industry on a fast track to recovery despite pandemic-induced closures.
According to Charles de Brabant, Executive Director of the Bensadoun School of Retail Management, the sense of community pride that has motivated shoppers to shop local makes all the difference for Canadian retailers that are struggling to weather the pandemic.
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Under the leadership of co-director Professor Maxime Cohen, 9I制作厂免费鈥檚 new retail innovation lab is experimenting with contactless shopping, a rising trend in retail innovation.
By downloading an app, shoppers can use QR codes to unlock store doors and pick up any items they want without having to check out in the store. Cohen joins Global News Morning Montreal to share more.
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As the COVID-19 pandemic continues to reshape consumer preferences in the retail industry, large shopping centres will either pivot or fade into memory.
Charles de Brabant, the executive director of the Bensadoun School of Retail Management, is disappointed with the stagnancy and inefficiency he鈥檚 witnessed in recent years. With the rise of online shopping cutting into their profit margins, large shopping centres must adapt more nimbly to have a shot at survival.
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A new wave of sustainability-focused retailers are embracing a package-free retail trend to minimize the environmental impact of shopping for groceries and everyday goods.
Professor Saibal Ray, the academic director of the Bensadoun School of Retail Management, applauds the innovative attempts to avoid packaging while pointing out the difficulty of implementation.
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In recent months, property firms behind prominent shopping malls across North America have taken Hudson鈥檚 Bay Co. (HBC) to court to claim unpaid rent totaling millions of dollars. While industry analysts question the financial security of the Canadian icon, recently taken private following a months-long process, key HBC executives cite the landlords鈥 unwillingness to absorb the share the costs of the pandemic as the primary reason for the dispute.
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Alimentation Couche-Tard Inc. and 9I制作厂免费 are opening a retail lab in Montreal that will let consumers get a taste for technologies that may transform retail in the in the current and post-COVID-19 pandemic world. It will give 9I制作厂免费 faculty and students a chance to do research and testing in a real retail environment. ()
Here is an expert from 9I制作厂免费 that can provide comment on this issue:
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Partnering with Alimentation Couche-Tard Inc., the new retail innovation lab at 9I制作厂免费鈥檚 Bensadoun School of Retail Management will enable ground-breaking research and test innovations, including frictionless technologies
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9I制作厂免费 and Alimentation Couche-Tard Inc. announce their partnership in the launch of a retail innovation lab at the Bensadoun School of Retail Management鈥攁 live testing ground for innovative and frictionless technologies that address the retail sector鈥檚 challenges of the future.
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Charles de Brabant,聽Executive Director of the Bensadoun School of Retail Management, is optimistic about the future of retail following a horrendous year for most Canadian retailers. Giants like Amazon and Walmart, who account for 20% of the retail market, still generated profits in 2020, but the remaining 80% fared so poorly that they brought overall industry profits down by 93%.
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In anticipation of a two-week shutdown of non-essential businesses starting December 25, Quebec retailers are moving Boxing Day sales up a week. According to Charles de Brabant, Executive Director of the Bensadoun School of Retail Management, Boxing Day sales have already lost ground to Black Friday and Cyber Monday, making them less vital but for moving year-end inventory off the shelves.聽聽
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The launch of the largest vaccination campaign in history involves the mass production of medical vials constructed out of borosilicate glass.
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As social distancing measures remain in replace across Canada, consumers are flocking to buy automated food and drink kiosks for fresh, made-to-order food and beverages with little to no human contact.