Retailers invest in innovation
Merchants who cut costs to the bone during the downturn and aren't yet seeing business recover to post-recession levels are taking the unusual step of ramping up spending on innovation in search of the next new thing, experts said at a retail conference this week. It's a gamble -- retail sales aren't likely to rebound robustly until unemployment eases considerably, said National Retail Federation President and CEO Matthew Shay.
Reuters | 06/24
This story published in NRF SmartBrief on 06/28/2010
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