Just don’t try to tell the good news to executives at some of the oldest and biggest U.S. retail chains. The consumer is driving the U.S. economy, so its a little ridiculous when we hear the excuse of the macro environment is not okay. It’s a challenging environment for these specific companies, says Ken Perkins, president of researcher Retail Metrics, not consumer spending as a whole. Those first two things have happened in the U.S., but after seven years, the expected retail boom hasn’t arrived.
Key Takeaways:
- The stock market is up for the year and close to an all-time high. All this has pushed one measure of consumer confidence to the highest level in about a decade.
- Just don’t try to tell the good news to executives at some of the oldest and biggest U.S. retail chains.
- What’s especially troubling for the industry is that the combination of low inflation, low unemployment, and rising wages should be fertile ground for success.
“So it’s a challenging environment for these specific companies, says Ken Perkins, president of researcher Retail Metrics, not consumer spending as a whole. Amazon.com Inc. (No. 1) is an obvious problem for almost every established retailer, thanks to surging growth and market share gains.”
https://www.internetretailer.com/2016/10/25/note-retail-execs-problem-isnt-consumersits-you
Leave a Reply