Costs Up, Sales Down – A Formula for Retail Disaster
May 18th, 2009 | By Adam Lass | Category: FeaturedFor those of us who predict stuff for a living, this is one of those lovely moments in economics when we know for a fact that only one of two things will happen in the near future. We now know one thing for a fact… that in the first third of the second quarter of 2009, American retailers paid more and sold less, both by price and by unit. Simple arithmetic tells you that this means lower profits.