News and Events
The Retail Continuum: Staying Ahead of the Curve in Today's Market
The current market has brought both pros and cons for the retail industry. RCS Senior Vice President Spence Mehl explains...
Jun 1, 2008 ABF Journal Spence Mehl, Senior Vice President
While lately it seems as if doom-and-gloom economic headlines have ranged from grim to grimmer, the direct impact of the subprime mortgage crisis and subsequent credit crunch on retail's bottom line has been somewhat less dramatic. The industry as a whole has thus far proven to be quite resilient, especially considering the overall economic context.
That said, there have been noticeable changes. The sluggish real estate market has inevitably begun to exert somewhat of a slowing effect on retail growth. In addition, rising prices in staple necessities such as food and gasoline have contributed to an overall cost-of-living increase that has taken a toll.