An area in business and startups that interests me at the moment is this idea of “deals” and how consumers react to deals in the market place. This coupled with demand and profit maximization struggles in the retail, food, and beverage industry has led me to research a few macro trends that has led to my idea. The macro trends that I would like to discuss today are that of consumerism in the retail space and consumer behavior in general and how it affects business.
The subprime crisis of 2007-2008/2009 was devastating in that there was a huge loss of consumer demand in the economy. Many businesses are cyclical by nature, so we can compare this economic downturn to a similar point in the past. An interesting chart that I... View More »