Business Articles

Are profits taking flight?

Maybe inflation is to blame. Even with today’s low rates, inflation can take a significant toll on your business. What’s a retailer to do?
By William J. Lynott
Published: June 13, 2014
Chances are you haven’t given much thought to inflation lately. Those sizable cost-of-living increases throughout the 1970s, ’80s and early ’90s are just a memory now.

With inflation idling around 2 percent for the past several years, there are other, seemingly more important, economic considerations in your business life. Besides, inflation rates are an abstract concept to many retailers — just a lot of numbers.

In truth, whatever the current rate, inflation plays a vital role in the lives of individuals and especially retailers.

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