Retailers Face a Second-Half Slowdown: Economist

The recent discount-rate cut enacted by the Federal Reserve should prevent a retail slowdown from becoming a retail meltdown, an economist told SN last week. Frank Badillo, senior economist for TNS Retail Forward, Columbus, Ohio, said he doesn't anticipate a crisis, but projects slower growth for retailers for the second half of this year. Global market turmoil sparked by credit worries in the wake

The recent discount-rate cut enacted by the Federal Reserve “should prevent a retail slowdown from becoming a retail meltdown,” an economist told SN last week.

Frank Badillo, senior economist for TNS Retail Forward, Columbus, Ohio, said he doesn't anticipate a crisis, but projects slower growth for retailers for the second half of this year. Global market turmoil — sparked by credit worries in the wake of subprime mortgage defaults and prompting the recent discount-rate cut — will aff

Register to view the full article

test - Advanced Registered User

Already a member? .