Connect with us

Headlines

Here’s How Trump’s Election Could Affect Retail

Published

on

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.

Advertisement

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

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular