Any job growth helps retailers, because it puts money in the pockets of consumers. At least one expert predicts a dramatic increase in part time workers as 2010 progresses; from the current 13 percent of employees to 39 percent this year. “This is good news for boomers, seniors and retirees, as these demographics are often […]
According to UPS, the bellwether of shipping, the recession is over. According to UPS CEO, Scott Davis, “It looks like the recession is finally over, and believe it or not, that makes 21 recessions that UPS has successfully managed through.” “Economic forecasts indicate gradual improvement as 2010 unfolds,” says Kurt Kuehn, UPS’s chief financial officer. […]
There is cautious optimism to report for both the U.S. and the global economy, according to the latest edition of the PricewaterhouseCoopers LLP Manufacturing Barometer. Nearly half (47 percent) of survey respondents are optimistic about the U.S. economy’s prospects, whereas only five percent were optimistic a year ago. Similarly, 41 percent of panelists who sell […]
ALL THE NEGATIVITY of today’s world comes swirling into the consumers’ living rooms when they turn on the TV or listen to the radio, and get bombarded with the words, “recession, TARP, unemployment, foreclosures,” and other less than positive descriptors.
WHAT HAVE RETAILERS learned from the recession?
While the current downturn has certainly changed the economic landscape, it may also have fundamentally altered the behavior of many U.S. consumers, according to a new McKinsey Research study.
The global recession that officially began late in 2007, the worst since the Great Depression, is finally loosening its ugly grip on the economy. In recent interviews with key wholesalers, the overwhelming verdict was that 2010 looks strong for independent retailers, wholesalers, distributors and closeout buyers. Although most of those interviewed were uncertain if Washington, […]
This was the holiday of the serious bargain hunter, according to several studies, including the Holiday Consumer Intentions and Actions Survey.
The economy is not only impacting shoppers, it’s affecting online retailers, too. According to results of Shop.org’s eHoliday Study, conducted by BIGresearch, shoppers will see changes in retail marketing and promotions this holiday season, in response to economic uncertainty. With an understanding that many of today’s shoppers use Facebook and Twitter regularly, and because these […]