“Three times deeper than the Great Recession?”
But department stores will never recover; they were toast before the lockdowns.
“There has been a clear divide between winners and losers.”
When the unemployment crisis exploded onto the scene three weeks ago, sales totally collapsed. What’s in store for the industry?
Services account for 70% of the US economy. Here’s what’s happening to services and retail in economic powerhouse Texas.
Neither the Fed nor the Treasury can bail out brick-and-mortar retailers.
In January, consumers carried on in hunky-dory land.
I’m not worried about banks or investors in subprime-credit-card backed securities. If they take a beating, fine. But what does this bifurcation tell us about consumers?
What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.
Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.