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Calgary Real Estate Market Dalan Bronson November 2006 Agenda - - PowerPoint PPT Presentation
Calgary Real Estate Market Dalan Bronson November 2006 Agenda - - PowerPoint PPT Presentation
Calgary Real Estate Market Dalan Bronson November 2006 Agenda Calgary and Alberta metrics vs. the rest of Canada Whats happening in retail today? 2 Unemployment Rate Sept. 2006 9.0% 8.1% 8.0% 7.3% 7.0% 5.7% 6.0% 4.7%
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Unemployment Rate – Sept. 2006
3.6% 8.1% 5.7% 7.3% 4.3% 4.7% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% Calgary Montreal Ottawa Toronto Edmonton Vancouver
Source: Statistics Canada
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Index Growth Median Family Income
100 105 110 115 120 125 2000 2001 2002 2003 2004 Montreal Ottawa Toronto Calgary Edmonton Vancouver
Source: Statistics Canada
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Average and Median Debt
58,441 42,297 63,579 74,860 55,155 29,000 38,500 37,000 21,600 40,000 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 Alberta Quebec Ontario B.C. Canada Average Median
Source: Statistics Canada
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Retail Sales Growth YTD 2006/2005
17.7% 5.1% 4.6% 7.6% 7.0% 0.0% 5.0% 10.0% 15.0% 20.0% Alberta Quebec Ontario B.C. Canada
Source: Statistics Canada
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Retail Sales Growth
6.3% 5.1% 5.0% 6.2% 16.7% 12.3% 12.9% 7.6% 17.3% 4.7% 4.7% 4.2% 0.0% 5.0% 10.0% 15.0% 20.0% Calgary Montreal Ottawa Toronto Edmonton Vancouver 2005/2004 YTD 2006/2005
Source: Statistics Canada, Kubas Consultants
Note: YTD 2006 = June
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Retail Sales (in billions)
15.0 27.9 60.4 10.9 42.1 18.4 17.5 30.1 63.2 11.4 43.9 21.4 $0 $10 $20 $30 $40 $50 $60 $70 Calgary Montreal Ottawa Toronto Edmonton Vancouver 2005 2006 Est.
Source: Statistics Canada, Kubas Consultants
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Retail Sales Growth Q2 2006/2005
- 2.0%
3.0% 8.0% 13.0% 18.0% 23.0% 28.0% 33.0% Alberta Quebec Ontario B.C. Canada Furniture Home Furnishings Home Centres Supermarkets Pharmacies Clothing Shoes/Jewellery General Merchandise Sporting Goods Eating and Drinking
Source: Statistics Canada
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Household Expenditure – % of Total Consumption
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Calgary Montreal Ottawa Toronto Edmonton Vancouver Food Shelter Furnishings Clothing Transportation Recreation Tobacco/Alcohol
Source: Statistics Canada
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Streetfront Vacancy
0.3% 1.8% 3.7% 2.2% 3.7% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 2002 2003 2004 2005 Q3 2006
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The Changing World
Demographic changes Aging population Changing family make-up Ethnic trends Time pressures Changing shopping habits Consumer attitude adjustment
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Changing Retail Scene
Department stores Wal-Mart Dollar stores Power centres Blurring of retail categories Multi-channel
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Blurring of Retail Categories
Retailers are moving into new categories:
– Wal-Mart (grocery/fast food/services) – Loblaws (drugs/HBA/banking/gas stations) – Shoppers Drug Mart (convenience store)
Becoming more of a:
– one-stop offering – solutions provider
Meeting needs of time-starved consumers But…added confusion?
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The Real Canadian Superstore
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PC Housewares
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Chico’s – for the Aging Boomer
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Experience Based
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Personalized and Customized
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Trading Up, Trading Down
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Coach
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Whole Foods
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Permission to Indulge
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Costco
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Tailored to my Needs – Format Specific and Cultural Trends
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Neighborhood Market
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LuLu Lemon – PR Event
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Best Buy
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Best Buy “Jill” Concept
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Best Buy “Ray” Concept
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Best Buy
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The New Apple Store
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Apple
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Cross-channel Influence is Significant
(% of customers that looked for or purchased something previously seen in another channel)
Ονλινε Base: Visited stores Visited Website Received catalogue 26% Store Catalogue 26% 39% 68% 25% 22%
Visit B u y B u y Visit
Example: 68% of all online customers who received a catalogue, first shopped the catalogue then bought online
Source: The Multi-channel Retail Report, J.C. Williams Group, BizRate.com, Shop.org
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The Retail Lifecycle
Sales & Profit Growth
Emerging Growth Maturity Decline
Home Delivery Dollar Stores Drug Stores Department Stores Supercenters Supermarkets Automated Shopping Discount Stores Digital Download E-commerce Hypermarkets Furniture Stores Home Improvement C-Stores Gen. Merch. Quick Casual Rest. Fast Food Music Retailers Teen Specialty Retailers Office Superstores Toy Superstores Lifestyle Retailers Wholesale Clubs Variety Stores Personalization/ Customization Hard Discount
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