When you hear the word “recession,” do you go “la la la la” and put your fingers in your ears in an attempt to block out the sound? Yeah, me too. But some things just can’t be ignored, especially by industries that have been hardest hit.
Take the retail industry, for example. The last three years have been brutal – to sales, to store openings, to general industry morale. But never an industry to get down for long, retail is forging ahead bravely and thoughtfully.
I recently had the opportunity to get inside the brains of some of the top retailers in the country and learn how they are facing today’s economy and serving today’s consumers at the annual Retailing Summit hosted by the Center for Retailing Studies at Texas A&M University. This year’s theme was “The Evolving Consumer: emerging issues and future outlooks.”