At this week’s National Retail Federation’s Big Show, retailers, industry experts and economists preached the identical sermon: manage inventories and costs conservatively and cautiously and be able to pounce on whatever shopping trends and hot items emerge.
They see 2023 as a tale of two halves for retailers. The primary shall be tough, with a rebound within the second half of the 12 months.
They see a consumer who’s becoming tapped out on savings and increase credit, shifting spending toward experiences and away from stuff, but say retailing generally held up through last holiday, but shall be softening soon.
And there was a consensus on the inevitability of a recession, albeit one with almost definitely a soft landing.
They said the important thing...
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