Clearly, the recession has affected everyone. Consumers who may be out of work – or afraid they’ll soon find themselves out of work – continue to cut back on spending; which directly affects retailers and their ability to remain in business. Commodity retailers aren’t feeling the pinch as much as retailers of higher-priced, considered purchases such as automobiles and luxury appliances. These retailers face an uphill climb as the battle for the almighty dollar persists, and consumers continue to settle for less expensive options versus status.
What these businesses, such as retailers for instance, also need are solutions that will increase their revenue immediately, not just put more cash in their pocket that they will ultimately have to repay in the future.