It wasn’t that long ago that America faced the biggest economic decline since the Great Depression. As painful as that experience was, perhaps it’s time to look back and reflect on what strategies served you then and how those may help save your business now as we all struggle to return to some semblance of normal.
Many retailers closed up shop in those days and many of the ones that were left ended up hungrier, leaner for sure and maybe even stronger. A lot of retailers closed down – we literally saw thousands of stores shuttered – but a lot of retailers also succeeded.