Duty-free shops in Canada are grappling with significant sales declines, with many stores like Boutique Hors Taxes de la Beauce reporting a drop of up to 60%. The decrease in travel to the U.S. has had a direct impact, with Canadian travelers opting for domestic tourism. Statistics show that land travel has dropped by 32% and air travel by 13.5%. Industry representatives warn of potential layoffs if the trend continues, emphasizing the grim outlook for the retail sector reliant on cross-border shopping.
If we have nobody that travels in the U.S., we have no customers. Sales at duty-free stores have fallen between 40 and 50 per cent across the country since late January.
It's very grim. The number of return trips among Canadians travelling to the U.S. in March plummeted compared to the previous year.
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