The wealth gap impacts the ability of consumers to spend money on goods and services. This, in turn, impacts the health of retailers:
“Some retailers are doing better than others. Luxury brands and discount chains are holding on to their traffic and sales, for the most part. Those whose traditional customers are in the middle, however, are finding it difficult to sell at full price, move their discretionary or premium goods, and grow their base. And while the rise of e-commerce is often blamed for store closures and bankruptcies, that’s not the whole story.”
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