‘Nobody needs an extra coat’: Apparel sector braces for another year of no splurging

TORONTO – Despite an unseasonably warm winter, there’s a chill across the Canadian retail landscape. Less snow than usual in many parts of the country along with high inflation put a damper on splurging during the typically busy holiday season — and now retail industry watchers say apparel companies are staring down an equally fraught year ahead. × Already a Subscriber? Sign in You are logged in Switch accounts “When we look at our consumer research for Canadians right now, it’s not as if they are queuing up in order to buy more, let’s put it that way,” said Sandrine Devillard, a senior partner who leads consulting firm McKinsey and Co.’s retail practice. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Their…