India Retail News

IS HIGHER SHRINK INEVITABLE IN A GLOBAL RECESSION?

Centre for Retail Research

The global recession has affected individual countries - and various businesses within those countries - in very different ways. Cultural, legal, demographic and economic considerations vary all over the world, which means it is difficult to predict the exact response that citizens and customers will make situations like collapsing industries, lower wages and job losses. In every country, the impact of the economic downturn has come quickly, and retailers often are bearing the brunt of the impact.