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Here’s How Trump’s Election Could Affect Retail

Published

7 years ago

November 10, 2016

Consumers don’t like surprises.

After Donald Trump’s surprise win in the presidential election, you’re probably wondering how the political climate might affect retail sales — particularly in your own business.

Forbes contributor Richard Kestenbaum says it could come down to two issues: “paralysis” and higher costs. Kestenbaum’s firm, Triangle Capital LLC, focuses on mergers, acquisitions and capital-raising for companies in fashion, retail, apparel, accessories and consumer products.

As he sees it, Trump’s win will cause people to clamp down on their spending for a while, simply because they want to see how things go. That applies to both larger and smaller purchases.

“The markets hate surprises and consumers do too,” Kestenbaum writes.

He also foresees the costs of labor and imported products rising. That would mean more pressure for retailers to charge more for their products.

Kestenbaum explains that “consumer products, particularly those imported, will be under pressure to increase prices when there is more pressure for tariffs on imports and less labor to load, move and sell consumer products.”

Read more at Forbes

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”