09/16/2022
Interesting article on the economy and how to watch retail for signs of slowing. As you prepare for the holiday season, it may be time to think outside of the box regarding revenue. If you are running slightly lower as a smaller organization than in previous years, they may be a reason why. Things like, lower-priced items, reaching a different target, and going up the market to unaffected consumers may be strategies you want to take during this time. A wise CEO I worked for previously () said "during a slowdown, there is an opportunity for a land grab. When everyone else is pulling out of advertising if you go in, you can grab more customers and come out of a downturn faster than others". It worked for his business. How are you getting creative? https://buff.ly/3RV5nPN
The biggest companies in America — including Apple and Walmart — are beginning to see cracks forming in consumers' willingness to spend.