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The
economic outlook through 2005 looks upbeat despite of
the increase in interest rates and inflation.
The essential points in
this respect are:
1.What’s Old is New Again:
Rising Prices and Interest Rates.
Consumers have more money
in their pockets due to increase in employment and lower
interest rates in the past. The economic expansion will
be beneficial for those retailers who are ready to take
risks, investing in the technologies and opportunities
that keep them in the minds of the consumers.
2.The Empowered Consumer.
On the other hand, Consumers
have been empowered by the internet allowing them to
buy on their own terms. Thus the retailers are now giving
more importance to the consumers.
3. Pyrotechnics in Technology.
Adoption of new technologies
has helped the in improving the decision-making process.
Retailers are using the gadgets and back-office technology
to improve the efficiency of operations.
4.Closer Financial Management.
Keener Government Oversight.
While most companies seek
to be compliant with Section 404 of the Sarbanes-Oxley
Act of 2002, those that fully embrace the spirit of
the law – strong ethics, good governance, reliable
reporting ..will
likely benefit from a |
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re-energized company,
reassured investors, and reduced costs. In short,
shareholder value can be enhanced. With more Americans
making health, privacy, nutrition and food safety higher
priorities, governments are more closely monitoring these
areas as well. Cash-strapped states are legislating out
old tax planning strategies and increasing their
enforcement efforts. The outlook: higher effective tax
rates directly impacting the bottom line.
5.
Diverse Lifestyles. Distinct Life Stages. .......
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