Monday, July 1, 2019

The wealth gap is a retail problem

Retail Dive
This month marks 10 years of an economic expansion in the U.S. that has been seen mostly on Wall Street, less so on Main Street. It's either tied for or is the longest recovery ever, depending on which economist you speak to, although it may have reached its limit. Some economists say a recession is swiftly approaching, if not already here.

That's hardly good news for retailers, considering how many have had to shutter stores, work to address new shopping preferences and, in some cases, declare bankruptcy. If howls of a "retail apocalypse" in recent years were overly dramatic, so is the notion of a major retail miracle. . . . more