It happens every holiday season – there are always those consumers who rush to retail stores and websites at the last minute to stock up on items to give to family and friends. In Canada, research found there is a significant amount of shoppers who still need to stock up on gifts.

According to a recently released study by Toys R Us, Canada, approximately 50 percent of Canadian consumers still have products on their lists they have yet to buy for the holiday season. The survey also looked at parents needing to purchase gifts for their children, and 55 percent of this group still have some shopping to do. In its report, Toys R Us, Canada states that many people are busy with other things and just haven't found the time to cross off items on their lists.

The final holiday rush of customers could further boost the nation's economy as its continues on its path to improvement. The Wall Street Journal cites research from the Royal Bank of Canada which found that retail sales in the northern nation increased more than was expected in October. The amount of sales jumped by 0.7 percent from the previous month to C$39.45 billion ($39.93 billion).

This entry was posted by Retail Pro on Wednesday, December 26th, 2012 at 11:32 am .