Liquidation stores are gaining traction in Quebec, largely due to rising inflation. Shoppers are drawn to these outlets for significant discounts, often visiting them before grocery shopping to maximize savings. A recent survey indicates that 86% of Quebec residents are more inclined to purchase discounted items. Additionally, businesses like Obox Liquidation are thriving, with annual sales increasing by 50%, offering products at steep discounts. Consumers are advised to research liquidation retailers to ensure quality.
Rising Popularity of Liquidation Stores in Quebec
In recent years, liquidation stores have rapidly emerged across Quebec, primarily fueled by rising inflation. Their increasing appeal ensures that they are likely to remain a staple in the retail landscape.
During a trip to the Liquidation Marie location in Saint-Jérôme, we witnessed firsthand the buzzing atmosphere. Ghislain Blondin, a resident of Sainte-Agathe, made a considerable detour with a friend to purchase discounted meat nearing its expiration date. “I was curious to see if I could find good deals, and I certainly did,” he shared. “I saved three to four dollars on each piece of lamb, and the tenderloin was half the regular price.” He added, “This was my first visit, and I plan to return to buy even more for my daughter.”
The excitement in the store was palpable, with shoppers gathering around heavily discounted items, eager to fill their carts. One mother of three, who preferred to remain anonymous, expressed, “We have no choice but to shop here. Grocery store prices have skyrocketed.” She noted that the expansive 5,000 square foot store is consistently bustling with customers.
The Go-To Choice Before Grocery Shopping
For many, liquidation stores serve as a preliminary stop before completing their grocery runs. Vanessa Coulombe, another mother of three, shared her strategy: “I compare the specials at grocery stores before coming here. I only buy what’s discounted and then complete my shopping elsewhere.” She proudly displayed her $60 receipt, which would have nearly doubled at a traditional grocery store.
According to Michel Rochette, president of the Canadian Council of Retail (CCCD), the shift towards liquidation stores is not surprising. “Consumers are adapting their shopping habits due to inflation,” he noted. “There’s a heightened focus on finding discounts, and shoppers are more inclined to compare prices before making purchases.” A recent survey by Léger for the CCCD revealed that approximately 86% of Quebec residents are more likely to buy discounted or promotional items, with a greater tendency to check flyers than shoppers in other provinces (75% compared to 67%).
Beyond groceries, stores specializing in electronics, like Obox Liquidation, have also experienced remarkable growth. “Our sales are increasing by 50% each year,” stated Obox CEO Bruno Beauchamp, who emphasizes the importance of online sales. He mentioned that their inventory often includes products in damaged packaging, sourced directly from manufacturers. “This enables customers to buy items that are essentially new at savings of up to 70%,” Beauchamp explained. However, he cautioned consumers to conduct thorough research on liquidation retailers. “It’s vital to know the source of your purchases, as not all companies have direct relationships with manufacturers like we do,” he added.