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No one will escape: Industry leaders on navigating the retail recession

Inside Retail

When inflation begins to drop and interest rates return to decline – we will likely see a resurgence in discretionary spending habits,” Zahra said. He believes that there are similarities between the current situation and the Global Financial Crisis (GFC) in 2008, with the rate of inflation more significant now.

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How to Get the Most Out of Loyalty Programs During an Inflation Crisis

Independent Retailer

The United States’ consumption of candy increased sharply during the economic downturn that began in 2008. Cadbury’s profits went up 30 percent in 2008, Nestle saw an 11 percent growth that year, and The Hershey Company’s overall sales increased five percent a year from 2008 to 2010 during the worst part of the recession.

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