The outlook for retail sales in Saskatchewan is bleak for 2016.
A recent retail landscape study by real estate services firm Avison Young predicts oil-dependent provinces like Saskatchewan will have the weakest retail sales outlook in Canada for 2016.
University of Saskatchewan business professor David Williams says he isn’t surprised about the proposed sales drop.
Williams says after years of above normal retail growth that has been near the top of the country, the growth doesn’t average out too bad.
Williams says the large scale businesses won’t be impacted too much by the drop, but for small businesses, they may have to adjust their budget, and some businesses looking to enter the market may hold back for a bit longer.
He says with a lot of items available online and with easier delivery options, businesses that appeal to younger people will also struggle more.
However, Williams points out many businesses have handled years of ups and downs to serve their clients.