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For retailers, signs of weaker sales ahead : Companies begin to rein in operating costs as consumers tighten their purse-strings amid a softening economy

Mar 04, 2019 - The Globe and Mail (Canada)
Mergers and Acquisitions-Financial Results

Consumers are showing signs of scaling back their spending, prompting many retailers to brace for a rocky year.

Canadian retail sales growth slowed in 2018, with some executives now warning that a harsher economy could make business more difficult.

"We recognize we are facing significant market pressures and we will have to overcome these forces by leaning on our ability to be innovative," Heather Reisman, chief executive of Indigo Books & Music Inc., told analysts last month.