Retailers Suffer Double Costs And Consumer Spending
Financial times, April 2nd morning, current
market
Retailers are facing
Price cost
Rise and fall
Consumer
A double blow to spending.
Industry analysts pointed out that
Energy price
High and rising food costs and tight budget measures of the US government have restricted consumer spending.
DDT Consultants
retail
Consultant RichardHyman said: "in my view, this is the worst situation in the past 30 years.
Since mid January, the retailer's position is like falling from a cliff. "
Some retailers and analysts believe that consumer spending has been seriously affected by increased tax burden and reduced public sector jobs.
Take the famous Martha department store (MarksandSpencer) as an example, the company's data report will be released in the coming week, or it will show the first decline in clothing sales over the past year.
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