Changing consumer habits key for retailers in 2024: report

Shifts in consumer behaviour, including spending, will keep businesses on their toes this year, according to a report from realty services firm CBRE. “Expect retailers to lean into discounts or other targeted promotions to capture the selective spending and move product,” the 2024 Canada Real Estate Market Outlook states. It also forecasts that retailers going out of business will create more vacancies in markets where they have previously been scarce.