In retail, the key word is productivity'

摘要

BD+C: So, how bad is the retail situation?rnHoward Davidowitz: The consumer is substantially worse off than a year ago. The main issue is the huge loss of jobs, and millions pushed into part-time work. Consumer debt remains at $14 trillion. The consumer's biggest asset, the home, is worth a lot less, many have been repossessed, and many are under water or under threat. There's been a loss of a trillion dollars in consumer credit in the last year.