Well, the results weren’t very positive for the industry from this poll…only a quarter of respondents indicated the credit crunch wasn’t hurting their business, and many businesses are feeling the pinch in multiple ways.
Has the credit crunch affected your company’s business? (23 votes)
Yes – we can’t buy as much inventory – 26.1%
Yes – we aren’t selling as much product at wholesale – 8.7%
Yes – we aren’t selling as much product at retail – 52.2%
Yes – we’ve had to cut expenses – 34.8%
No – 26.1%
(Note that answers total more than 100% because respondents could select more than one answer.)
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