Facing Headwinds

Facing Headwinds

Retailers are unlikely to be able to raise gross margins over the next year as consumers hold onto their value orientation about food shopping, according to a panel of industry financial analysts at the 15th annual SN analysts' roundtable. I don't believe we're in a recovery it's more like we've had our economy reset, and shoppers have become more pragmatic, Neil Currie, executive director for UBS

Retailers are unlikely to be able to raise gross margins over the next year as consumers hold onto their value orientation about food shopping, according to a panel of industry financial analysts at the 15th annual SN analysts' roundtable.

"I don't believe we're in a recovery — it's more like we've had our economy reset, and shoppers have become more pragmatic," Neil Currie, executive director for UBS Securities, New York, said. "To some extent, any improvement in spending acti

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