An excellent article on chron.com Monday explores what changes consumers will notice at retail as the recession alters the shopping landscape.
Among the expected trends: thinner racks of merchandise, with fewer unique items, in order to manage inventory; responsive staff with a customer-service mentality; lower price points on mid- to high-range items; and more private and promotional events.
Nationwide, companies and analysts are acknowledging the wholesale shift retailers are experiencing. Lower demand forces smaller product orders, which reduces inventory but also profits and expectations. The effects will be felt well beyond the current recessionary period.
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