With a knack for overstating the obvious, retail consulting group Customer Growth Partners President Craig Johnson lays down the bad news in a story on CNN:
This is not a good time for retailers. If people are fearful for their jobs, they will tightly hold on to their money and not spend it. This [situation] makes it very difficult for retailers.”
Really? What an insightful comment. For all the number from the major retail chains click here for a January same-store chart.
[Link: CNN]
