Consumers and investors open their wallets
•Mall sales experienced strong growth for a second consecutive year, with a 5.5% climb in the last twelve months.
•The renovation of Sainte-Catherine Street will directly impact downtown retailers. The City plans to invest between $95 million and $125 million for the revitalization of this busy artery.
•After a rough start to the year, the consumer confidence index is finally rising again. The weak loonie, the decrease in oil prices and the insecurity caused by the American presidential elections in the Fall explain most data fluctuations.
•The celebrations for Montreal’s 375th anniversary and the influx of tourists should favour Montreal retailers.