Economic Uncertainty Driving Consumers to Discount Stores
Gary Glick was quoted in GlobeSt.com, where he provided context on the high foot traffic to discount stores in the presence of economic uncertainty, as well as the flipside of high-end retailers performing well too.
“It is no surprise that these chains have not only done well during these last few years but expanded,” Glick said. “With economic uncertainty likely to continue into the foreseeable future, it appears that these discount retailers with continue to thrive.
"It is also interesting to note that very high-end retailers tend to do well in these economic conditions, since the very well-healed consumer continues to spend on luxury items. This is considered the “barbell effect.” The far ends of the economic spectrum will continue these traditional spending patterns.”
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