Small communities under assault for their business dollars

Online sales are growing, online sales are up 26 per cent on “Black Friday” over last year - from 816 million to 1.04 billion dollars.

On the heels of data showing a record number of shoppers hit the stores over the holiday weekend, one report says spending on the most important shopping day of the year for online retailers – known as Cyber Monday – could surpass $1.5 billion.

This data, originating in the United States, likely parallels the retail situation in Canada pretty closely.

Online sales are growing (again, in the U.S.), online sales are up 26 per cent on “Black Friday” over last year – from 816 million to 1.04  billion dollars.

Earlier this week, Canada Post reported that “accelerated mail volume declines have resulted in financial losses for a sixth consecutive quarter,” noting that the underlying cause was “a historic shift from paper-based to digital communication by consumers, businesses and governments.”

Canada Post also ominously reported that it was “accelerating the transformation of its business,” (read: consolidations, layoffs and business hour reductions) adding that even though e-commerce was increasing the parcel delivery business, it wasn’t enough to offset losses in letter mail volume.

It appears that the increasing trend towards online shopping will accelerate the decline of small town business sections as we know it, as people take to shopping from their homes, and post offices reduce service to compensate for the lack of mail.

Seventy per cent of the American economy is based on consumer spending. It wouldn’t surprise us if that figure was even higher in Canada.

What this means is the small town business landscape will likely look a lot different a few years from now.

We think there will still be a market niche for small town business, but it’s going to take a business  person’s vision and accumen to decide what will be attractive for small town customers to go out and buy locally – and sell to that market. A tough situation, perhaps, but hopefully not impossible – and potentially, even profitable.

 

 

 

Just Posted

Humanitarian work earns Penticton teacher Unsung Citizen award

Sandra Richardson was awarded the humanitarian award for decades of work bettering other countries

Concert to benefit Critteraid

Steve Rodgers will perform in Summerland on April 20

Landfill charges changing in South Okanagan-Similkameen

Fees adjusted in Keremeos, Penticton, Okanagan Falls and Oliver

Okanagan-Shuswap weather: Get outside, it’s going to get warm today

Environment Canada is forecasting a mixed bag of conditions

Survey says: Over half would decrease Penticton airport use because of Air Canada changes

Survey about Vancouver flight schedule has strong response from citizens

Alleged Penticton gunman seen ‘angrily yelling’ before opening fire, witness says

One witness said she heard three bangs, the other said the alleged shooter walked right by him

Prince George sweeps to first-ever BC Hockey League crown

Spruce Kings beat Vernon Vipers 3-1 in the Okanagan Wednesday for 13th straight playoff win

Hwang’s first MLS goal lifts Whitecaps to 1-0 win over LAFC

Vancouver picks up first victory of season

Kelowna teen fighting for life in Vancouver hospital

A GoFundMe has been set up for KSS’s Erin Tannar

WATCH: Okanagan creator transforms into Megatron

Vernon’s Darren McNiven lives in car and creates Transformer replicas, art in former storage bin

Child-proof your windows ahead of warm weather: B.C. expert

Fifteen children were taken to BC Children’s Hospital for falls in 2018

Salmon Arm church enveloped with care after shooting

Elder: ‘We’re still processing; it will be a while to get over the worst of this.’

African children’s choir brings joy and energy to Okanagan-Shuswap

Performances in Salmon Arm, Penticton and Summerland will raise funds for education.

Tribute concert to raise money for youth treatment centre in Kelowna

The ABBA and Fleetwood Mac tribute bands will raise funds for he Bridge Youth & Family Services’ Youth Recovery House campaign

Most Read