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Retailers will will need a few tricks up their sleeves if they hope to survive the next handful of years of continued economic turbulence, but according to Ira Kalish, director of global consumer investigation at Deloitte LLP, growth is nonetheless doable, if you know where to appear. "I do not genuinely see a development scenario in the short term. Retail consolidation is likely to take spot among non-meals retailers as according to Kalish, grocery chains are currently far more consolidated. Speaking at the World Retail Congress in Berlin, Kalish known as the situation in Europe "deeply troubling" and said it is likely to lead to recession. Depending on choices created in the subsequent couple of weeks the situation could also influence the US economy, he stated. Consumers across Europe and the U.S. Europe is likely to see improved activity with mergers and acquisitions among clothes and homeware retailers as economic woes weigh in on consumer spending.
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