Company suggests retail survival tips
Kansas City, Mo. ? Is a tsunami of store closings coming at the end of the year?
Yes, according to the “retail distress” experts at Grant Thornton, who say as many as 10,000 retail stores in 2009 could go dark by New Year’s. But there are ways savvy retailers can capitalize on these recession-driven trends:
• Buyers are picking online over store sales. Retailers also can use social networking sites.
• Private labels are gaining ground over name brands.
• Going green is bringing in the green. Retailers should review their product lineup.
• A loyal customer is the best customer. Besides discounts, loyalty can be created by offering guarantees and generous return policies.
• Improve processes to lower costs.

