Consumer
The Midlevel Retail Pinch Could Hurt Gap, Victoria’s Secret in 2020
The high and low end probably won’t feel the slowing economy’s squeeze quite like the middle.
Many midmarket merchants are expected to have a tough 2020. Affluent customers of luxury goods purveyors probably won’t feel the slowing economy’s pinch, while discounters and sellers of low-priced items should benefit as consumers tighten their belts. But conditions aren’t great for many mall-based outfits stuck in the middle.