A funny thing happened on the way to the next recession: the consumer said, “No thanks.” With surprisingly strong retail sales numbers for January, shoppers are continuing to act like it’s business as usual when it comes to buying things. Driven by high employment numbers, a modest reduction in inflation and even increased social security payments for seniors, the overall economy remains basically healthy. But if it’s business mostly as usual for shoppers, it’s anything but for retailers. With memories of getting caught flatfooted in …
The Retail Party’s Not Over…It Just Has a Different MenuRead More