Revenue Distribution Among the Top 100 Canadian Online Stores 2023

How Was the eCommerce Revenue Distributed among the Top Canadian Stores in 2023?

In 2023, the distribution of net sales within the Canadian eCommerce market revealed a notable concentration of market power among the leading retailers. The top 1-5 stores collectively amassed a significant 58.4% of the total net sales, showcasing their dominant position within the industry. This substantial share underscores the significant scale and influence these major players wield in attracting and retaining customers. Following closely behind, the next tier of retailers, ranked 6-25, held a 24.3% share of the net sales, indicating a considerable but slightly lesser degree of market capture compared to the top 5. This suggests a more competitive landscape among these mid-sized retailers, who are substantial in their own right but lack the sheer market dominance of the top players. Moving down the hierarchy, the top 26-100 stores accounted for 17.3% of the net sales, highlighting a dispersed market presence among a larger group of competitors. Each of these stores may cater to more specialized consumer segments or niche markets, contributing to a diverse and dynamic eCommerce landscape in Canada.

Main Facts: Net Sales Distribution among the Top Canadian eCommerce Stores in 2023

• Dominant Leaders: In the Canadian eCommerce market of 2023, the top 1-5 stores commanded a majority with 58.4% of net sales.
• Significant Middle Tier: The top 6-25 stores held a considerable 24.3% share, demonstrating their robust presence.
• Fragmented Lower Tier: The top 26-100 stores collectively managed 17.3% of net sales, indicating a more dispersed market influence.