Quoted – In recession, bridal shops sing wedding bell blues – Washington Business Journal

In recession, bridal shops sing wedding bell blues

Spring may be the beginning of the wedding season for many blushing brides, but in this recession year it also ushered in a train of bridal shop closures throughout the region, including the demise of some prominent stores.

This year has been brutal for retailers in general and particularly for purveyors of high-ticket items such as bridal dresses, said retail expert Scott Testa, a professor of business administration at Philadelphia’s Cabrini College.

Although some mom and pop stores are closing because second-generation owners are not as interested in the business, Testa said others are the victims of what he called “economic Darwinism,” where only the strongest survive in a recession.

Bridal shop operators who own their buildings are finding themselves in a better position because they are not subject to rents they cannot pay, he said.

http://washington.bizjournals.com/washington/stories/2009/09/28/story10.html

Reblog this post [with Zemanta]