Indigo Retail Sales Impacted by Inflation and Ransomware Attack

) – as inflation and multiple interest-rate hikes have dampened spending and put pressure on retail sales.

“Customers are demonstrating increased price sensitivity in this environment, noted through an increased penetration of promotions, and a lift in sales during promotional periods,” Indigo chief executive officer Peter Ruis said on a conference call Friday to discuss the quarterly results. Indigo’s revenue decreased by 12.4 per cent year-over-year, to $179.2-million in the quarter ended July 1. Online revenue fell by 26 per cent to $38-million.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail sales start to stall as higher interest rates biteStatistics Canada says retail sales rose 0.2 per cent to $66 billion in May, helped by gains at new car dealers and grocery stores. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »

Retail sales start to stall as higher interest rates biteStatistics Canada says retail sales rose 0.2 per cent to $66 billion in May, helped by gains at new car dealers and grocery stores. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »

Retail sales start to stall as higher interest rates biteStatistics Canada says retail sales rose 0.2 per cent to $66 billion in May, helped by gains at new car dealers and grocery stores. Read on.
Source: financialpost - 🏆 7. / 85 Read more »