Industry executives see challenging environment continuing through 2010
Food retail and wholesale executives have little optimism in their outlooks for the economy in the remainder of 2010, with weak consumer confidence and high unemployment expected to continue to constrain consumer spending. While supermarkets overall have not been as severely impacted by the prolonged economic downturn as other segments of the economy, operators said the lack of pricing power in an era of consumer frugality is keeping pressure on both their margins and top-line sales. “I ...
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