Fuel prices, not unemployment, the top concern of US retailers

14 May 2012 21:36  [Source: ICIS news]

HOUSTON (ICIS)--US retailers are more concerned with the cost of fuel than unemployment, according to a study made available on Monday.

US-based consultancy BDO USA reported that 99% of retailers surveyed for the study considered general economic conditions as the top risk for their business.

Of those 99%, 71% indicated fuel prices were the top threat to economic stability, up from 58% last year, while 68% of retailers looked at unemployment as the top threat.

This was the first time since 2009 that concerns over fuel prices outweighed unemployment concerns, according to BDO.

By: Bobbie Clark
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