| 5/5/2009 |
Steve Rowen |
| Recession Over: Time to Blog about It |
Yesterday, the Dow jumped 214 points to end at 8426, and even more surprisingly, the S&P, which most experts view as a far more telling grouping of overall economic health, surged 3.4% to move into the black for 2009. Even if Wall Street hockeysticked steadily without further setbacks (which A, it won’t, and B, we hope these lads have learned something from this lesson about moderate growth), there will certainly be some tough days ahead. In fact, at the time of this piece publishing, the midday Dow is down 34 points and the S&P is down nearly seven – hardly damaging - but worth noting: the economy is not the stock market.
However, as we’ve been saying all along, the US economy will rebound, and retailers really do need to be thinking about how they’ve used (and are using) this “time off” to prepare for when the customer comes out of the cave she’s been hiding in. The big discount sales may be nearly over – in 18 months time, what will you wish you’d bought?
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| keywords: Retail, Retailer IT, Economy, Recession, Housing Market |
