High Spirits in Lean Times: Nationwide Retailers Optimistic about End of Year
Las Vegas plays host to, on average, 315 weddings every day, many at the stylish Mandalay Bay wedding chapel. Just a few yards beyond its doors, however, over 3,000 retailers and vendors are hard at work on their own partnerships, and they’re making those deals with a festive attitude that belies the nation’s economic slowdown. Nationwide Marketing Group, a coalition of 2800 independent electronics, appliance and furniture retailers, is here through Wednesday for its semi-annual PrimeTime buying conference, and many of the buying group members say they are working a little leaner this year but still profiting, especially from electronics sales.
“We don’t see highs and lows like big cities,” said Ron Freman, co-owner of Deranleau’s in Lewiston, Idaho. “TVs have been going well for us. I think it’s sort of like the post 9/11 cocooning effect. People are putting their money in home theater or updating the kitchen.”
Nationwide executives say they’re seeing that trend across markets.