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Article: The strong excel in Darwinian retail world.(Annual Report)(Statistical table)
- Article from:
- Mass Market Retailers
- Article date:
- May 5, 2008
CopyrightCOPYRIGHT 2008 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Mass market retailing demonstrated impressive resiliency last year in the face of an increasingly difficult consumer environment. With the nation in the grips of a recession in the second quarter of 2008, the challenges ahead may be even more daunting despite a likely temporary lift from the federal stimulus package.
In 2007 a blend of factors shaped the course of the industry. To be sure, mounting economic pressures on America's middle- and lower-income consumers lent increasing importance to the value component of retailers' varied offers.
That factor was visible in the tendency of many shoppers to focus on ...