[Infographic] 2019 BDO Consumer Beat Survey
Despite strong economic fundamentals, including record-low unemployment rates, consumer spending has been volatile over the past few months.
Anticipation of a potential economic downturn and the impact of increased online sales tax resulting from the
landmark Wayfair vs. South Dakota ruling are contributing to consumers’ caution, according to findings from BDO’s 2019 Consumer Beat Survey.
Meanwhile, brick-and-mortar stores are no longer suffering in silence as consumers are noticing abandoned and rundown store locations. These issues during a healthy economy mean more retailers need to act now to recession-proof their business.
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