Warehouse Clubs & Supercentres in Canada - Industry Market Research Report

Warehouse Clubs & Supercentres in Canada - Industry Market Research Report
Warehouse Clubs & Supercentres in Canada

The Warehouse Clubs and Supercentres industry in Canada comprises stores that retail discount groceries, along with other basic goods, like appliances, and achieve cost savings by leveraging economies of scale, offering products in bulk or charging membership fees. Due to the low-cost, high-value products offered by warehouse clubs and supercentres, the industry typically performs well regardless of the macroeconomic climate. However, when businesses and consumers have deeper pockets, they are likely to spend more at industry outlets. The COVID-19 pandemic offered an additional opportunity for the industry as consumers flocked to warehouse clubs and supercentres, which faced relatively little disruption because they were considered essential businesses. As a result, industry revenue has increased at a CAGR of 4.1% to $66.4 billion over the five years to 2023, with an expected increase of 3.0% in 2023 alone.

This industry is made up of large stores that primarily retail a general line of grocery products and merchandise items (e.g. apparel). Warehouse clubs offer customers a wide selection of merchandise, often in bulk, at discounted prices, in exchange for a membership fee that is paid by each customer. Supercentres are large discount department stores that also sell perishable groceries. Unlike warehouse clubs, however, supercentres do not have eligibility requirements for customers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.