Before I came to Canada, I preferred to do online shopping because things are much cheaper. When I got here, it turns out Canadian people love online merchants as well but for a different reason – to avoid the hassles of going to stores since shopping malls are usually located faraway from where they live.
As the blog on Canada Business Network mentions, more and more consumers shift spending from physical stores to online merchants, e-commerce sales in Canada has been increasing dramatically. The article also says E-commerce has changed the way retailers reach customers, which reminds me of the ”channel” and ”customer segment” in business canvas we learned in class. Today in most industries, no matter what customer segment they have, customers want to be reached in both physical and online stores. Because online shopping has a lot of advantages over physical stores. For customers, it saves a lot of time and overcomes geographical limitations while for sellers, it can gain new customers with simple search engine visibility.
Besides, although physical stores are still the mainstream way of consumption, ecommerce has become more and more important in the whole market. According to the blog, retail e-commerce sales grew at over five times the pace of the overall growth in retail trade in 2012.Thus, sellers should focuses on their online channel to attract potential consumers as well as established ones.