Industry landscapes
Get Pro
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE TORONTO EDITION 2026

Toronto’s
retail industry,
in focus.

The companies, capital and talent shaping retail in Toronto. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Retail Industry Landscape of Toronto
CA
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Retail illustration
Companies tracked 1,173Retail ecosystem in Toronto Disclosed funding $1.8B108 companies · all recorded rounds Companies hiring 69With open roles at the snapshot Tracked open roles 2250 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Toronto’s retail leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Explore the full landscape
Retail company highlights in Toronto, snapshot 31 August 2026
Company
Flowrflowr.ca$196.41M———
Shoplazzashoplazza.com$160M—300—
FLIP-INC.COMflip-inc.com$144M———
Primaris REITprimarisreit.com$134.02M—400—
Auxlyauxly.com$132.53M—420—
Entourage Healthentouragehealthcorp.com$93.96M—211—
Flippflipp.com$78M—452—
Open Farmopenfarmpet.com$65M—93—
Canadian Tirecanadiantire.ca—11 roles29,170—
Holt Renfrewholtrenfrew.com—11 roles2,424—
Home Depothomedepot.ca—11 roles6,836—
Monerismoneris.com—11 roles126—
Sitter.comsitter.com—11 roles——
Shoppers Drug Mart Corporationshoppersdrugmart.ca—10 roles53,367—
Mejurimejuri.com—9 roles600—
Pivotreepivotree.com—8 roles594—
Auction Exportauctionexport.com————
EMERGE Commerceemerge-commerce.com——25—
Flora Growthfloragrowth.com———Financial figure available in RadarView in Radar
Indigo——5,000—
Jasperjasperpim.com——32—
Kijijikijiji.ca——285—
LUS Brandslusbrands.com——33Financial figure available in RadarView in Radar
Lilliolillio.com————
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Retail industry KPIs in Toronto

A few useful ratios bring the size of this ecosystem into perspective.

31 August 2026
Hiring participation5.9%

69 of 1,173 tracked companies have open roles.

Funding participation11.0%

129 of 1,173 tracked companies have a recorded round.

Top 3 funding share27.9%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$2.1M

Midpoint of 160 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 27.9% of disclosed capital, while 89.0% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Toronto retail has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Toronto retail
$0$99.33M$198.66M$297.99M$397.32M2016: $77.74M20162017: $67.58M20172018: $73.52M20182019: $348.53M20192020: $76.11M20202021: $260.84M20212022: $314.49M20222023: $42.66M20232024: $152.01M20242025: $176.54M2025
View the numbers
Annual retail funding and company formation in Toronto
YearFunding (USD)FoundedRaising
2016$77.74M717
2017$67.58M7511
2018$73.52M8010
2019$348.53M9417
2020$76.11M15213
2021$260.84M8220
2022$314.49M4417
2023$42.66M3114
2024$152.01M128
2025$176.54M39
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Flowr10.9%
  • Shoplazza8.9%
  • FLIP-INC.COM8.0%
  • Other companies72.1%

Funding by stage

209 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel90 43.1%
Series A–B48 23.0%
Series C+ / PE14 6.7%
Grants, debt & other57 27.3%

Recent recorded rounds

Latest recorded rounds · USD
1 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series B11/2021
Lilliolillio.com$55.64M

Backed by Bain Capital Double Impact and Round13 and others.

Series B05/2021
Knixknix.com$53M

Backed by Heron Rock and TZP Group and others.

Series C11/2017
Auxlyauxly.com$35M

Participating investors were not recorded in this snapshot.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Expand panel +

Annual accounts availability

The measured Canada identity-to-filing probe did not produce a qualifying designated legal or national-ID join: world_filings_distributed exposes no reviewed Canadian national-ID key; none of the designated Canadian identities carried a CIK.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Toronto companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

37 of the 1,173 companies on this page carry a measured traffic record (3.2%); these are the largest of those, by monthly visits. The median among them is 287,610 visits.

CompanyMonthly visitsAuthorityMobile
Canadian Tirecanadiantire.ca22,993,7468269.7%
Kijijikijiji.ca12,069,9667454.5%
Shoppers Drug Mart Corporationshoppersdrugmart.ca5,727,0257373.3%
RedFlagDeals.comredflagdeals.com5,530,2436031.4%
The Ordinarytheordinary.com3,775,2806476.6%
Flippflipp.com1,923,4986352.7%
dbranddbrand.com1,698,0825266.7%
MaxSoldmaxsold.com1,608,9344277.2%
sporting lifesportinglife.ca1,071,5864862%
Checkoutcheckout51.com697,2204373.8%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

76 of these companies (6.5%) publish at least one Android app — 108 apps in all, carrying 72.6M installs between them.

AppInstallsRatingStore category
Flipp: Shop Grocery DealsFlipp25.3M4.8Shopping
Checkout 51: Cash Back SavingsCheckout12.3M4.2Shopping
Kijiji: Buy and sell localKijiji12M4.6Shopping
Canadian Tire: Shop SmarterCanadian Tire5.4M4.6Shopping
VarageSale: Local Buy & SellVarageSale4M3.9Shopping
SCENE+Scene+3.5M3.6Entertainment
Think DirtyThink Dirty3.1M4.2Health & Fitness
reebee: Flyers & Shopping ListFlipp3M4.7Shopping
Shoppers Drug MartShoppers Drug Mart Corporation967.4K4.5Medical
LillioHi Mama665.9K4.5Education

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q4–2026Q1).

SegmentAppsInstallsLeading appRelease trend
Coupons And Deals844.8MFlipp: Shop Grocery Deals 25.3M
Horizontal E-Commerce916.2MKijiji: Buy and sell local 12M
Online Grocery312.3MCheckout 51: Cash Back Savings 12.3M
Retail Chains36.4MCanadian Tire: Shop Smarter 5.4M
Beauty Tech83.1MThink Dirty 3.1M
Online Mom & Baby Care8776.6KLillio 665.9K
Pre-K Edtech5700.2KTVOkids - Smart TV 26.6K
Food Tech8365.4KTempSpike 326.5K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2022Q4: 72022Q4: 12022Q42023Q1: 22023Q1: 12023Q12023Q2: 22023Q2: 22023Q22023Q3: 12023Q3: 02023Q32023Q4: 22023Q4: 22023Q42024Q2: 22024Q2: 02024Q22024Q4: 32024Q4: 62024Q42025Q2: 12025Q2: 22025Q22025Q4: 32025Q4: 82025Q42026Q1: 82026Q1: 162026Q1

Darker bars are new releases, lighter bars apps updated. 94 of 108 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Toronto retail market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Consumer digital644
B2c e-commerce602
Internet first brands260
Enterprise tech232
B2c fashion e-commerce223
Commerce enablers155
Enterprise software148
Internet first fashion brands137
Marketplaces120
Saas88
Retail saas74
Beauty e-commerce73

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Consumer digital

The largest measured segment in this report snapshot.

644companies
4.5%have hiring activity

29 companies hiring · $676.15M disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

E-commerce - product755
Subscription305
E-commerce - service227
Commission on transaction178
Advertising148
Physical commerce139
Fee-for-service50
Sponsorship9
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Mergers & acquisitionsmoneris.com ↗

Francisco Partners, a US-based technology-focused private equity firm, is reportedly in advanced negotiations to acquire Moneris, one of Canada's largest merchant payment processors, from its joint owners, Royal Bank of Canada (RBC) and Bank of Montreal (BMO). The potential transaction is valued at up to USD 2 billion, according to reports.

Funding roundspesorama.ca ↗

PesoRama Inc. (TSXV: PESO) ... intends to complete a non-brokered private placement of up to 20,000,000 units ... resulting in gross proceeds to the Company of $7.0 million.

Mergers & acquisitionshungerhub.com ↗

North American workplace food company HUNGRY has acquired Canada-based office meal delivery provider hungerhub.

Mergers & acquisitionscanadiantire.ca ↗

Hudson’s Bay Company took a different path in 2025 ... selling brand rights to Canadian Tire Corporation in a $30 million transaction.

Funding roundsxatoms.com ↗

Closing a $3 million funding round recently marks a major milestone for a company that only a year ago was hustling to convince investors of its technology’s potential.

Mergers & acquisitionsnorthernreflections.com ↗

On July 23, 2025, Gordon Brothers announced that they have provided C$30 million to finance the Canadian women’s clothing retailer Northern Reflections’ acquisition of two other Canadian women’s retailers, Cleo and Ricki’s.

Funding roundsauxly.com ↗

Access to a new $10 million revolving facility, providing financial flexibility to support continued growth.

Mergers & acquisitionsthebay.com ↗

Canadian retail company Hudson's Bay will buy the Kaufhof German department store chain from Metro for US$ 3.2 billion, with the goal of expanding into Europe.

Funding roundsbrowze.com ↗

By 2021, the startup had raised a total of $13.5 million USD (then $16.5 million CAD) from mainly US investors.

Full recorded event mix

Top 10 categories among 267 recorded events in the 24-month window.

Earnings
70
Company announcements
37
Leadership moves
32
Asset acquisitions
26
Mergers & acquisitions
23
Funding rounds
20
New products
16
Contracts
14
Board Updates
13
Regulatory
5
6 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

1 companies with recorded IPO activity

Follow-on Offering · NASDAQ1 reports

Leadership moves

8 tracked people moves

Open Farm ↗
Maria Chilewicz

Appointment vice president of Marketing

Open Farm ↗
Trevor Koons

Appointment vice president of Growth Marketing

Open Farm ↗
John Winer

Appointment chief digital officer

PesoRama ↗
Eduardo Fernández

Appointment Chief Financial Officer

Greg Hicks

Appointment Chief Executive Officer

Melissa Antoniou

Resignation Previously Head of PR at The Fitting Room

Franco Savastano

Appointment President and CEO

Sebastian Picardo

Resignation Previously President and CEO

Product launches

Products, platforms and features in the recorded window

Open Farm ↗
Icelandic Air‑Dried Dog Treats

Dog treats

Open Farm ↗
Meal Plan Builder

Feature

Moneris ↗
Moneris Go Terminal

Hardware

Moneris ↗
Moneris Go PIN Pad

Hardware

Shoplazza ↗
Fulfillment by Shoplazza (FBS)

Service

Earnings pulse

Reported company results in the recorded window.

8companies
78period observations
15.0%median reported growth

Median across 57 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
francisco partners→Moneris ↗Announced2026-05-05$2.0B
hungry→Hunger Hub ↗Announced2026-02-26Not stated in snapshot
Canadian Tire→hudson’s bay companyCompleted2025-12-29$30.0M
Na→Moneris ↗Rumored2025-08-18$2.0B
Canadian Tire→intellectual property of Hudson’s BayCompleted2025-07-23Not stated in snapshot
Northern Reflections→Cleo and Ricki’sAnnounced2025-07-23Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

1,527 postings in the preceding 12 months. The full 3,079-posting snapshot covers 93 employers.

Expand panel +

Most advertised job titles

Sitter116
Wireless Sales Representative107
Sales Associate65
Store Manager52
Customer Experience Representative52
Store Assistant Manager42
1 internship postings

18 tracked postings mention remote work.

The seniority mix

731 postings specify a level.

unspecified
2,348
manager
503
senior
147
lead
62
entry
10
intern
9

Skills employers mention

Top skills across 3,079 tracked postings in the available jobs snapshot.

Ecommerce
15
Enterprise Grade Infrastructure
13
Mdm Platforms
13
Workday
6
Excel
6
Oracle Commerce
2
Sap Hybris
2
React Native
2
Javascript
2
Java
2
ADVERTISED PAY$30.4K/ year

Median across 498 postings with pay data, expressed in USD.

Salary by seniority

manager$45.6K/ year66 postings
senior$73.0K/ year30 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

421 founders and chief executives across 335 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

85 profiles with education records.

University of Toronto
27
University of Waterloo
9
Queen's University
9
York University
5
McGill University
4
Ivey School of Business
4
Harvard Business School
3
Harvard University
3

Prior employers

8 profiles with prior-work records.

Google
3
Amazon
3
Morgan Stanley
1
Boston Consulting Group
1
Microsoft
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

50,420 articles in the measured 12-month window.

Expand panel +
50,420articles in the measured year
12,503articles in 2026Q1
69.0%positive tone in the latest complete year

News volume trends

Retail coverage tagged Toronto · articles per complete quarter

06,24112,48318,72424,9652021Q2: 14,0212021Q22021Q3: 13,4622021Q4: 10,5362022Q1: 14,2452022Q2: 14,1352022Q22022Q3: 13,3222022Q4: 14,4552023Q1: 13,1912023Q2: 14,7722023Q22023Q3: 14,6422023Q4: 13,8132024Q1: 16,8882024Q2: 17,6582024Q22024Q3: 16,4942024Q4: 18,1312025Q1: 21,7092025Q2: 14,7272025Q22025Q3: 17,8882025Q4: 10,2232026Q1: 12,5032026Q1
View quarterly article counts
QuarterArticles
2021Q214,021
2021Q313,462
2021Q410,536
2022Q114,245
2022Q214,135
2022Q313,322
2022Q414,455
2023Q113,191
2023Q214,772
2023Q314,642
2023Q413,813
2024Q116,888
2024Q217,658
2024Q316,494
2024Q418,131
2025Q121,709
2025Q214,727
2025Q317,888
2025Q410,223
2026Q112,503

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
30,805 positive · 609 neutral · 10,295 negative
2022
38,806 positive · 1,084 neutral · 16,122 negative
2023
39,123 positive · 900 neutral · 16,238 negative
2024
48,074 positive · 1,066 neutral · 19,838 negative
2025
44,450 positive · 1,115 neutral · 18,843 negative

Leading coverage topics

Retail coverage tagged Toronto · ranked by full-period article count.

Administrative And Political Subdivisions4,196,209 articles in the full recorded period
771,883 recent · 659,845 prior
Geographic Naming Conventions And Etymology81,545 articles in the full recorded period
38,634 recent · 7,437 prior
International Sports Competitions39,501 articles in the full recorded period
8,618 recent · 8,314 prior
Trade Policies And Agreements34,454 articles in the full recorded period
9,013 recent · 17,327 prior
International Political Relations29,060 articles in the full recorded period
7,901 recent · 6,707 prior
Olympic Games Coverage23,102 articles in the full recorded period
4,984 recent · 5,018 prior
Sports Broadcast Rights Updates17,337 articles in the full recorded period
1,841 recent · 2,882 prior
Security And Defense Policies16,798 articles in the full recorded period
4,062 recent · 3,651 prior
Professional League Updates16,453 articles in the full recorded period
2,137 recent · 2,277 prior
Sports Governance And Policy Changes16,301 articles in the full recorded period
2,568 recent · 2,674 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Canada comparison coverage

KeywordRecentPriorChange
multilateral diplomacy91461748%
angel investors896336167%
ice sports779195299%
wto rulings66033796%
investment deal64036277%
share price53738241%
national security strategy52633159%
public offering52136244%
cannabis policy reform discussions49830165%
ski competitions497229117%
tariff negotiations5,41413,147-59%
free trade deals2,6765,517-51%
trade dispute mechanisms2,5373,987-36%
bilateral trade1,6453,016-45%
preferential tariff1,0872,896-62%

Event and signal lenses

Canada comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

561,752 classified articles

tariff negotiations, free trade deals, trade dispute mechanisms

36.0% critical · 35.3% positive
Rising

Funding Momentum

151,178 classified articles

angel investors, investment deal, trade deficits fx

28.0% critical · 42.7% positive
Rising

Growth

224,025 classified articles

league expansion news, earnings report, quarterly financials

26.5% critical · 46.7% positive

Retail coverage tagged Toronto. Topic labels describe recorded classifications and can include broad context.

UNDERSTAND THE LANDSCAPE

Retail in Toronto: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put Toronto in context

All landscapes ↗

Company ecosystem snapshot: 31 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon