In Canada, as elsewhere in the Western world, coffee remains a vital part of the daily routine for many. Thus, Canadian Coffee Shops are expected to continue to be a regular feature of the consumer experience for the foreseeable future.
Like other high street traders, florists have experienced some tough times in recent years. For many, the supermarket has become the place to purchase flowers, and it is unlikely that these blooms will have been grown in the home market.
Increasing city populations and a more-affluent middle-class population are just two of the factors driving this trend. This, in turn, will create new opportunities for those businesses which provide different kinds of animal-boarding arrangements.
The restaurant industry is gradually improving year on year with a slow but consistent growth, and it may prove more profitable for owners to specialize or at least find some way of setting themselves apart from the competition.
Declining alcohol consumption and heightened regulation has affected the nightclub industry, but diversifying to attract new customers may be the way forward. With wine bars, specialty cocktail lounges, martini bars or artisanal beer bars, club owners may attract a new demographic to bolster their profits.
Even though the economy in South Africa has experienced a downturn, the restaurant trade is still seeing growth year on year. Although the criterion for customers is altering in favour of healthy alternatives, takeaways and fast food outlets are also seeing improvements in sales.
As income increases and the population grows, the revenues of liquor stores are expected to increase. Revenues for Canadian liquor stores are $24 billion a year, with an annual growth of 3.1% between 2012 and 2017.
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