22 Aug 2012

Retail spending falls in June

Consumer spending in Canada may be on the downswing highlighted by recent data compiled by Statistics Canada, which found retail sales decreased in June, according to Reuters. The unexpected drop in sales occurred in seven of the 11 subsectors of the retail industry.

Decreases in sales could mean that Canadian companies may be looking for cheap storage in Toronto to keep their excess inventory. Consumer spending must pick up in order to make sure the economy in Canada is able to recover.

"The surprise drop in June sales was broad-based, suggesting households are becoming a little more cautious, though cross-border shopping may have played a role as well," BMO Capital Markets senior economist Benjamin Reitzes wrote in a note to clients. "The constant haranguing by policymakers urging households to borrow more cautiously, along with slowing job growth, has prompted some restraint."

The actual drop in sales from May to June was 0.4 percent  in Canada, while experts believed retail sales would grow 0.1 percent. Despite the decrease in sales, overall retail sales in June were 1.7 percent higher than the previous year.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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