How America Shops (or not) – Modern Salon

Posted on May 9, 2008. Filed under: finance, small business | Tags: , |

Not much time on a Friday morning to post, but I am passing on this article.  I know we are all nervous about consumer spending and how it will impact salons, so enjoy this from Modern Salon.com

Published: May 08, 2008
By Victoria Wurdinger

At the National Retail Federation’s (NRF) annual convention, held recently in New York, Wendy Liebmann, CEO of WSL Strategic Retail, NY, NY, presented her company’s most recent study, How America Shops 2008.

According to Liebmann, shoppers’ confusion is resulting in fewer weekly trips to stores and a lot of belt-tightening. The middle class is super-crunched, with its members now shopping like lower-income consumers. As a result, middle-market supermarkets and department stores are being squeezed: shoppers can get a lot more for less at big-box stores. Smaller, well-edited stores are easier to shop, which makes them popular, too.

Read the rest of the article here.

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