Economist Offers Multichannel Retailers Recession Insights, Post-Recession Action Plan
By
Paul Miller
and Catalog Success
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But looking ahead, aging boomers will downsize and spend less. “As we age, we find ourselves as empty nesters,” he said, “and large houses don’t make any sense anymore. So there’ll be a downsizing of housing resulting in fewer places to put things.”
Steidtmann alerted healthy retailers to take note of other key factors taking place right now:
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