To say the least, retailers, especially those with sales principally in developed economies, are facing a challenging environment. Global credit markets have seized up, food and energy prices are skyrocketing, and consumer spending has weakened. 

But there is some good news. Retailers can survive, and even thrive, during volatile economic times by building business models that are more responsive, adaptable, and efficient with resources and assets. This report provides perspective on the many trends that are creating today’s tough environment and suggests several ways retailers can turn these challenges into opportunities.