Sales Season Slowdown Showdown
Domestic Spending Slowdown?
Economists and retailers everywhere are freaking over the possibility of a slowdown in consumer spending, and they’re looking for signs of weakness during the oh-so-important holiday season.
Americans’ spending is no longer being sustained by cheap credit extended by banks against a home’s rising equity, as real estate sales (and prices) have stagnated.
Commentators and economists have been hypothesizing that this would hit the aspirational luxury retailers hardest - Coach and your local suburban-mall Tiffany & Co. are two strong examples of stores that are believed to be the hardest hit this season.
Are we in the beginning of a retail slowdown?
Read the rest of my article over at FashionInvestor.com to find out.
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