After making the decision to expand internationally, Canada is one of the first countries that United States retailers consider. However, despite being located in such close proximity to the U.S. and sharing a language, Canada has vastly different cultural and economic spheres. So why now more than ever are American retailers crossing the northern border?
In 2011 Canadian shopping malls brought in 50 per cent more sales per square foot than in the U.S. and the announcement that myriad of Canadian stores have been shutting their doors, now is a better time than ever for businesses to make the leap into this roomy marketplace.
We've compiled a list of eight major American companies who recently made the move across the border or about to enter the Canadian market and why.
For each of these 8 companies, find out:
- The year they expanded into Canada
- Key executives
- Major competitors in Canada
- Company background
- Canadian expansion
- Fun facts
Feel like we missed some major players who have either just entered the market or are about to? Send us an email with any companies you feel should be on this list.
Involved in the home delivery space? Check out Home Delivery World Canada, taking place this September in Toronto.