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HUDSON'S BAY, Awareness of personal risk and safety - Coggle Diagram
HUDSON'S BAY
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ECONOMIC
Q4-2020, GDP Annual Growth Rate= -3.2%
January 2021, Unemployment rate= 9.4%
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2021-Per Capita Disposable Income= $30,344.6
Inflation rate Forecast for 2020-2024= 0.62%, 1.27%, 1.62%, 1.86 and 1.96%
SOCIO-CULTURAL
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Decrease in net trust in non-grocery retail brands majorly because of concerns about personal safety at retail stores.
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TECHNOLOGICAL
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Late launch of Mobile app (in 2019), thereby slow adoption of Omni-channel
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THREATS
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Canada's labour shortage
January 2021, Unemployment rate= 9.4%
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