The economic trend for some time now has been a slow and meandering recovery. Despite improving consumer confidence numbers, a surprising first quarter GDP decline of 2.9% speaks to that uncertainty. Retail analysts and observers have a tendency to blame the weather whenever we have a bad economic quarter or when retail sales are unexpectedly sluggish, but I tend to be a little dubious of those explanations. Last winter was definitely rough enough to impact spending, but I don’t think it’s enough to explain the continued issues into the spring, which we discuss in this edition of Retail Rap.
In my latest Retail Rap column, I take a look at the growing “burger joint” trend and discuss the long term prospects for these restaurants. You have to ask yourself: Are burger joints here to stay or is this just the latest themed restaurant concept that will overextend itself and fall off the map in […]