Reported 6 months ago
Former Gap CEO Mickey Drexler discusses the current state of retail, characterizing it as 'selectively good' amidst inflation being described as a 'nightmare.' Drexler highlights the ongoing pricing challenges and advises consumers to shop online for better deals, warning against blindly following trends in the retail sector, where online retailers are increasingly establishing physical stores. Despite inflation pressures, major retailers like Abercrombie and Fitch report strong quarters, indicating consumer focus on savings and the impact of inflation on discretionary income.
Source: YAHOO