Tarnished Bellwether: Industry Feels Pain of California Slowdown
Tuesday, May 06, 2008
By WWD Staff
The Golden State has lost its economic luster, triggering serious consequences for retailers and vendors.
California, the most populous state, the biggest U.S. market and a bellwether for the nation, is being especially hard hit by the implosion in housing, soaring gasoline and food prices, job cuts and tight credit.
California, the most populous state, the biggest U.S. market and a bellwether for the nation, is being especially hard hit by the implosion in housing, soaring gasoline and food prices, job cuts and tight credit.
