On January 29, 1936, the U.S. Baseball Hall of Fame elected the very first members: Ty Cobb, Babe Ruth, Honus Wagner, Christy Matthewson and Walter Johnson. It was actually the Baseball Writers’ Association of America who were tasked with choosing the five greatest superstars of the game as the inaugural 1939 inductees.
According to a History.com article, the Hall of Fame actually had its beginnings in 1935, when plans were made to build a museum devoted to baseball and its 100-year history. A private organization based in Cooperstown, called the Clark Foundation, thought establishing the Baseball Hall of Fame in their city would help build back the area through tourism, as the nation emerged from the Great Depression.
Canadian Retail Sales (Nov) – January, 2021
Canadian retail sales rose for the seventh consecutive month in November by 1.3% on a seasonally-adjusted basis, defying Statistic Canada’s preliminary estimate of no change. Sales were up in 7 of 11 subsectors, representing 53% of retail sales. The increase was led by higher sales at food and beverage stores. Compared to the same time last year, retail sales were up by 7.5%.
Sales were up in all provinces except for Manitoba. In BC, seasonally-adjusted retail sales were up by 0.8% ($8.0 billion) and by 1.4% ($3.7 billion) in Vancouver. Contributing the most to the increase were sales at electronic and appliance stores, while sales were down at auto dealers and gas stations. Compared to the same time last year, BC retail sales were up by 11.1%.
In November, Canadian e-commerce sales totaled $4.3 billion, accounting for 7.4% of total retails sales, which is up from 5.4% in the previous month. Meanwhile, e-commerce sales were up by 76% from a year ago. This excludes Canadians purchasing from foreign e-commerce retailers.
November was a pleasant surprise in retail sales, as consumers likely pulled forward their purchases in anticipation of the holiday rush, as well as promotional events such as Black Friday. Early estimates from Statistics Canada are showing a December decline, as COVID-19 cases increase and multiple provinces implement stricter lockdown measures. Growth in retail sales is expected to slow until the vaccine becomes more widely available.
For more information, please contact: Gino Pezzani.
Link: https://mailchi.mp/bcrea/canadian-retail-sales-nov-january-22-2021