Reasons For Retailers To Be Cheerful
June 26th, 2009
Accounting and business advisory firm Grant Thornton says despite the recession it’s not all gloom for retailers - here’s why:
?Recessions, even deep ones, come to an end.
?Some retailers are performing well as they take advantage of more price-conscious consumers, they are gaining market share.
? The strong will survive so the sector will be more robust in the medium term.
? The sector will become more efficient as companies are forced to examine their cost base and take action to cut costs.
?Good possibilities exist to acquire competitors at attractive prices.
? Opportunities arise to recruit talented and experienced people.
? Renegotiation of major supply contracts on more favourable terms is possible, as suppliers want to maintain continuity.
? Not all retailers have customers significantly impacted by the recession.
? Internet and mail order retailers are benefiting from consumers’ current interest in range/price/convenience.
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