Today’s retailers operate within an economic and competitive landscape that’s inherently challenging.
On the one hand, widespread inflation and fears of an impending downturn have caused consumers to pull back on spending. On the other, many experts believe what National Retail Federation Chief Economist Jack Kleinhenz went on-record to state in early 2023: that “it’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession.”
Still, supply chain disruptions and higher operating costs continue to threaten retailers’ margins.
Description:
Today’s retailers operate within an economic and competitive landscape that’s inherently challenging.
On the one hand, widespread inflation and fears of an impending downturn have caused consumers to pull back on spending. On the other, many experts believe what National Retail Federation Chief Economist Jack Kleinhenz went on-record to state in early 2023: that “it’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession.”
Still, supply chain disruptions and higher operating costs continue to threaten retailers’ margins.