Where Have all the Shoppers Gone?
Retail has hit a snag in recent years – and especially in recent months. Now, red tags and sale signs dominate the mall. Even high-end retailers have resorted to price matching and vouchers for next-purchase savings. In the fight against Amazon, it seems like everyone has resorted to price-drops in their attempt to increase foot traffic to stores.
Inflation is low. Gas prices are lower. And unemployment rates have lowered. So why isn't the public shopping in retail stores? At least, like they used to?
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