• Retailing

    What has to happen in 2009

    Many retailers worry about 2009.  They worry that business is going to get tougher, and that it’s going to be harder to survive. I think that could be true. But I also think that this means that the better retailers will survive and flourish.  Many retailers that I’ve spoken with over the past year have told me that they have been using lines of credit to cover purchases.   Some of them have repaid those lines immediately, others have not.  Those retailers that have lived on their line of credit could be headed for rough times. Now, more than ever, the goods have to pay for themselves.  They must sell thru. …