Retail Sales Down 2.2% in February 2026

The value of retail sales in Newfoundland and Labrador totalled $836.2 million in February 2026, a decrease of 2.2% compared with February 2025.

The largest declines in the actual value of retail sales occurred in ‘Gasoline stations and fuel vendors’ (-21.1%) and ‘Motor vehicle and parts dealers’ (-4.9%). The decline for ‘Gasoline stations and fuel vendors’ was largely due to lower prices for gasoline in February 2026 compared with February 2025, and partly due to the removal of the federal consumer carbon tax on April 1, 2025.

The largest gain in the actual value of retail sales occurred in ‘Health and personal care retailers’ (+29.8%).

On a year-to-date basis, retail sales in Newfoundland and Labrador were 2.2% lower in the January to February 2026 period compared with the same period of 2025.

At the national level, retail sales increased by 4.0% in February 2026 compared with February 2025. In February 2026, retail sales increased in every province on a year-over-year basis except for Newfoundland and Labrador, ranging from 2.4% in Manitoba to 7.7% in Nova Scotia.

Statistics Canada’s Daily discusses retail sales on a seasonally adjusted basis. Seasonally adjusted retail sales for Newfoundland and Labrador increased by 0.3% in February 2026 compared to January 2026 and increased by 0.7% for Canada.

 

Retail Sales by Subsector ($ Millions)
Newfoundland and Labrador
Feb 2025 Feb 2026 Actual Change Percent Change
Motor vehicle and parts dealers1
252.5 240.2 -12.3 -4.9
Building material and garden equipment and supplies dealers 47.4 40.1 -7.2 -15.2
Food and beverage retailers 159.8 158.2 -1.6 -1.0
Furniture, home furnishings, electronics and appliances retailers 19.6 18.3 -1.2 -6.2
General merchandise retailers 127.4 131.8 4.4 3.5
Health and personal care retailers 81.1 105.3 24.2 29.8
Gasoline stations and fuel vendors 122.6 96.8 -25.8 -21.1
Clothing, clothing accessories, shoes, jewelry, luggage and leather goods retailers 16.1 15.8 -0.2 -1.4
Sporting goods, hobby, musical instrument, book, and miscellaneous retailers 28.9 29.6 0.7 2.3
Total Retail Trade Sales
855.3 836.2 -19.1 -2.2
Note: The total and change may not sum due to independent rounding.

1 The motor vehicle figure displayed here includes some used car sales, as well as parts and service labour, and may be higher than those appearing in the New Motor Vehicle Sales Bulletin.

Source: Statistics Canada. Table 20-10-0056-01.

Statistical Reference: For the latest in retail trade statistics visit the Newfoundland & Labrador Statistics Agency site and check the release dates on Statistics Canada site.

Economics Division, Department of Finance – (709) 729-3255 – infoera@gov.nl.ca