John Challenger Retailers Quotations

None of this bodes well for retailers depending on strong holiday sales, nor for the entire economy, which has mostly relied on consumer spending to keep it afloat,

It is a favorable sign that retailers have not joined in the job-cutting spree,

Retailers are being forced to turn into discounters at all levels, and that early transformation to a discounting posture is putting great pressure on profits. Retailers make a good percentage of their profitability in the last two months of the year. This year those earnings are going to be under real pressure. They'll be fighting to keep costs down.

It does seem like retailers are really stepping up and taking care of their employees, trying to provide services in the area and rallying behind the crisis,