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How Strong Is the U.S. Economy for Retailers?
This entry was posted in Part 1: Overview/Planning, Part 3: Targeting Customers and Gathering Information and tagged competition, customer expectations, economy, Platt Retail Institute, shopping, trends. Bookmark the permalink.
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This post is interesting and deserves a well-researched response. Given that stores from Coach to Wal-Mart are struggling, one should view Platt’s comments with some skepticism. What politicians don’t want to discuss is that the top 1% are doing well now, while the bottom 80% are not. We are still replacing higher paying jobs with lower paying ones, and inflation-adjusted median income is declining. Fundamentally, if people have less money to spend, they will spend less. Victor CrainPartnerCrain Associates Research LLC9 Morton CourtLawrenceville, NJ firstname.lastname@example.org+ 609 510-3712 http://www.crainassociatesresearchllc.comhttp://www.linkedin.com/pub/vic-crain/0/625/b5b/