(855) Marcum1 | FOLLOW US           
Marcum LLP
  • EVENTS
  • OFFICES
  • CAREERS
  • SUBSCRIBE  
  • 中文
Marcum LLP
News

As Seen In

 

In This Edition

CNBC.com

Ronald Friedman, Co-Leader, Retail/Consumer Products Industry Group, Quoted in CNBC.com Article "Parents' New Nightmare: "The Basics' Get Complicated"

Featured: Ronald Friedman, Partner, Assurance

Share:

Excerpt:

As kids head back-to-school, parents focus on replenishing and replacing kids’ gear, but this year even the basics have gotten more complicated, creating a new nightmare for parents.

Ron Friedman, retail practice leader at consulting and accounting firm Marcum, doesn’t doubt that there is consumer demand and the desire for these products. However, he has looked at months of weakening consumer confidence and consumer spending levels, and he expects consumers will be cautious. What’s more, retailers have a high hurdle to jump to top last year’s strong back-to-school sales.

“Teenagers are pulling back, kids are going to have to make do with less, parents are being very selective,” Friedman said.

According to Friedman, wealthier consumers have the money to spend and they may continue to buy $60 T-shirts for their children, but the majority of Americans will spend cautiously until at least the presidential election this fall. What’s more, visits to Southern California stores, where schools open in mid-August, have not shown a frenzy of buying, Friedman said.

If Friedman is right, it may be back to basics for students after all.

Click here to read full article >>

 
Featured
Ronald Friedman

Partner
Assurance
Los Angeles, CA
 
 
HAVE A QUESTION? ASK MARCUM
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

Learn More

CONNECT WITH US
               
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATIONS

Leading Edge Alliance

DOWNLOAD THE MARCUM ON THE GO APP

© 2016 Marcum LLP. All Rights Reserved.
Privacy | Legal | Sitemap