1. Gap Swot Analysis
... hours a day, seven days a week. • Slowing economy The retail apparel business fluctuates according to changes in consumer preference dictated in part by fashion and season. In addition, certain economic conditions, i.e. consumer confidence in the future, interest rates, unemployment rate and gains in family income, affect the level of consumer spending on clothes. In March 2001 recession struck the U.S. ... the U.S. lapsed into recession, average annual gains in family income fell 1.1%, and unemployment rate rose to 6% from below 5% in 2001, according to an analysis of Census Bureau da...
- Word Count: 4635
- Approx Pages: 19
- Grade Level: High School