Retail: Concerns around consumer spending, small businesses

Yahoo Finance Video
1 年前

Retail sales are in decline as the industry continues to deal with concerns over inflation and consumer spending. RapidRatings Executive Chairman James Gellert and Unity Marketing President-Founder Pamela Danziger joined Yahoo Finance Live to discuss the state of the consumer as part of the weekly series "Retail Evolution: The New Era."

RapidRatings Executive Chairman James Gellert said, "Since the end of 2021, retail is our second-most declining sector." Gellert sees small businesses as the ones who will be affected the most. Gellert added, "Smaller companies, mid-sized businesses are being much more squeezed than their public counterparties."

Unity Marketing President-Founder Pamela Danziger is concerned about the effect that declining consumer spending will have on the economic outlook for the second half of the year. Danziger said, "Spending is down, and that's going to put back-to-school shopping at risk, and back-to-school shopping is a bellwether for what's ahead for Christmas and holiday shopping."