“[Consumers are] feeling full, they’re feeling poor, they’ve really just been depleted,” said one retail expert.
That could mean that holiday hiring will be slower this season, says Andy Challenger of Challenger, Gray & Christmas.
Walmart says that, collectively, its Chicago stores aren’t profitable. But academics point out they’ll still leave a hole when they’re gone.
Downtown Boston has more restaurants and bars now than it did before the pandemic. Retail stores, meanwhile, are still struggling.
Bed Bath & Beyond is seeking a reverse split, a sign that a company is not confident that its stock will rise on its own, one expert says.
“We actually love the physical retail experience,” says Chris Capizzi, who co-owns A Good Used Book with his wife, Jenny Yang.
Retailers are emerging from a tough period. Embracing inclusive sizes at the same price is one way to reach more women.
There have been signs of robust economic growth, but consumer concerns are rising … along with the surge of the Delta variant of COVID-19.
While delays and shortages could be just short-term disruptions, tariffs, which also push up prices, are expected to remain.
One way retailers and restaurants can attract workers is to offer higher pay, though that’s easier for larger businesses.
