Cross-border shopping is a quintessential part of Black Friday for some Canadians.
But with the Canada-U.S. land border closed to non-essential travel to limit the spread of COVID-19, hopping over the border for holiday shopping isnBԪַt an option this year.
For Canadian retailers, the closure has created a captive market BԪַ at least for in-store shopping.
BԪַIn previous years, a lot of Canadians would just pop over the border to take advantage of the crazy deals down in the U.S., which often surpassed what we were getting in Canada,BԪַ says Tandy Thomas, an associate professor in the Smith School of Business at QueenBԪַs University.
BԪַBut the ability to do that easy cross-border shopping is no longer there.BԪַ
Thomas says the border closure creates a more favourable environment for Canadian retailers.
BԪַThey donBԪַt have to compete with their U.S. counterparts in the same way,BԪַ she says. BԪַItBԪַs literally a captive market.BԪַ
Black Friday originated in the United States as a post-Thanksgiving shopping event. It became well-known for its big discounts, massive crowds and a frenzied shopping atmosphere.
Although it has become a mainstay of holiday shopping in Canada as well, U.S. retailers have still lured Canadians across the border with doorbuster deals.
Yet with the loonie worth about 77 U.S. cents, itBԪַs possible few shoppers would have bothered travelling south of the border.
BԪַWith the dollar being what it is, itBԪַs not exactly a bargain to go down there,BԪַ says Tim Sanderson, executive vice-president and national lead for retail with JLL Canada.
BԪַBut thereBԪַs still lots of people who like to go for the variety.BԪַ
Diane Brisebois, president of the Retail Council of Canada, says the border closure, coupled with an increased push to buy local, will benefit Canadian retailers this holiday season.
BԪַWe strongly believe there will be more Canadians making that extra effort to shop in a local brick-and-mortar store as well as find them online,BԪַ she says.
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Brett Bundale, The Canadian Press
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