n International Retail and Marketing Review - Foreword
|© Publisher:||MC Cant|
|Journal||International Retail and Marketing Review|
|Publication Date||May 2009|
The past year has been traumatic for businesses and customers alike. The world recession has been felt among all countries and businesses, and it is widely regarded as the worst since the Great Depression of 1932/3. Retailers worldwide have recorded a drop in demand, many have cut back on operations, expansion plans have been put on hold and unemployment has escalated to record proportions. The USA has been especially hard hit and recovery plans by the government are not showing the expected returns.
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