'Cautious consumer' to remain until COVID-19 vaccine, Indigo CEO says

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 99%

Canada Headlines News

Canada Latest News,Canada Headlines

Canadian customers likely won't start frequenting stores for items not on their shopping list until there's a vaccine for COVID-19, Indigo Books & Music Inc. founder and chief executive said Friday.

"I think our own view is that customers will continue well, well into the months ahead to make shopping an activity they do when they have something specific to buy," Heather Reisman said during a conference call with analysts. The company released its first-quarter financial results after markets closed Thursday.

Since reopening, retail store sales have tracked at about 72 per cent of sales at the same time last year, said chief financial officer Craig Loudon."So, that's saying that you've got a deliberate customer and we think that that's going to remain, frankly, until there's a vaccine.""So, all in all, we predict that the retail consumer will remain a cautious consumer," she said.

The company accelerated efforts during the first quarter to help serve customers safely during the holiday season, including "a robust click-and-collect capability and Instacart service," said Reisman. These efforts should be implemented in the current quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There is no spike in death rates. You are more likely to be killed in a car crash than CV.

Medical lockdowns have and will cause 5 times the deaths than CV suicides are double the rates of CV. Stop the propaganda.

Hysteria. Enough USA numbers are padded because of election etc Enough

Well, I don't plan to be going into any Indigo store anytime soon but I have bought some books from them online since the pandemic started. You'd think they see an increase in online sales. Especially with a lot more time being spent at home.

MathIsHard Scamdemic

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Latest News, Canada Headlines

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

COVID-19 in the U.S.: How do Canada's provinces rank against American states?Looking at confirmed coronavirus cases per million people, how do the U.S. states compare to Canada's provinces and territories? You cannot compare a country of 37 million to a country with 10x the population. and CTV news fixation on anything American continues. This weekend can you try to run some Canadian stories please? There has to be at least 3 or 4 you can cover. US is downgraded down to a shithole country
Source: CTVNews - 🏆 1. / 99 Read more »

Quebec Nowhere Near Herd Immunity To COVID-19, Despite High Case CountMore than three times the official number of people with COVID-19 in Quebec actually contracted the disease, a new study says, but the province can 'forget' about herd immunity.
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Community groups urge officials to not cut support for most vulnerable amid COVID-19 recoveryAdvocates in Montreal say they fear cuts to services are on the way because governments have run up large financial deficits with emergency spending. They're coming out with a special 55+ vaccine......🤷🤣
Source: GlobalNational - 🏆 81. / 51 Read more »

Alberta government announces $48-million to support homeless during COVID-19 pandemicThe money is on top of $25-million announced in March Is this $48 million from federal Liberal funds? Facts matter. cdnpoli And less money than 2018-19 for 750000 kids returning to school.jkenney and his corrupt UCPCaucus KayceeMaduYEG sending our kids into deadly and unsafe environments cuZ their extremist politics prevents them from doing right thing and spending money to keep kids safe. ableg Hopefully they spend the money on true advocacy that helps deal with the paperwork and other details that actually get people,off the street and not the useless activism and exploitation that masquerades as such
Source: globeandmail - 🏆 5. / 92 Read more »