Right About Now - Legendary Business Advice

BUSINESS NEWS: Consumer Sentiment Tanking & It's Time for a Plan - Ecomm Coming for more Retail - Your Next Investment Opportunity


Listen Later

SUMMARY

In today’s Weekly Business News episode, hosts Ryan Alford and Chris Hansen discuss the current economic climate, focusing on a significant decline in consumer sentiment revealed by a University of Michigan survey. They express concerns about inflation, government policies, and their impact on consumer behavior. The hosts also explore retail trends, noting the closures of stores like Forever 21 and GameStop, and the rise of e-commerce platforms such as Shein and Temu. They emphasize the need for better communication from the administration and highlight the importance of adapting to changing consumer preferences in a digital age.

TAKEAWAYS
  • Decline in consumer sentiment as reported by the University of Michigan survey.
  • Concerns about the overall economic climate and inflation.
  • Impact of government policies on consumer behavior and the need for better communication.
  • Retail sector challenges, including store closures of brands like Forever 21 and GameStop.
  • Shift in consumer shopping habits towards e-commerce platforms like Shein and Temu.
  • GameStop's strategy to invest in Bitcoin as a response to retail challenges.
  • Emotional aspects of investing and the volatility of GameStop's stock.
  • Nostalgia for physical media and the transition to digital formats in entertainment.
  • Importance of understanding consumer preferences and emotional drivers in business.
  • The need for businesses to adapt to the changing economic landscape and consumer behavior.
  • If you enjoyed this episode and want to learn more, join Ryan’s newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE. 
     

    Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding.  

    Learn more by visiting our website at www.ryanisright.com

    Subscribe to our YouTube channel  www.youtube.com/@RightAboutNowwithRyanAlford. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    ...more
    View all episodesView all episodes
    Download on the App Store

    Right About Now - Legendary Business AdviceBy The Radcast Network

    • 4.4
    • 4.4
    • 4.4
    • 4.4
    • 4.4

    4.4

    108 ratings


    More shows like Right About Now - Legendary Business Advice

    View all
    The School of Greatness by Lewis Howes

    The School of Greatness

    21,224 Listeners

    The GaryVee Audio Experience by Gary Vaynerchuk

    The GaryVee Audio Experience

    16,816 Listeners

    The Martell Method w/ Dan Martell by Dan Martell

    The Martell Method w/ Dan Martell

    566 Listeners

    Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing) by Hala Taha | Entrepreneurship, Sales, Marketing | YAP Media Network

    Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

    1,369 Listeners

    Habits and Hustle by Jen Cohen and Habit Nest

    Habits and Hustle

    813 Listeners

    Finding Peak Podcast by Ryan Hanley, Bleav

    Finding Peak Podcast

    141 Listeners

    Founder's Story by IBH Media

    Founder's Story

    181 Listeners

    3 Takeaways by Lynn Thoman

    3 Takeaways

    274 Listeners

    Money Rehab with Nicole Lapin by Money News Network

    Money Rehab with Nicole Lapin

    1,664 Listeners

    The Money Mondays by Dan Fleyshman

    The Money Mondays

    457 Listeners

    Wake Up to Wealth by Brandon Brittingham

    Wake Up to Wealth

    39 Listeners

    The Entrepreneur DNA by Justin Colby, Bleav

    The Entrepreneur DNA

    72 Listeners

    The Level Up Podcast w/ Paul Alex by Paul Alex Espinoza

    The Level Up Podcast w/ Paul Alex

    417 Listeners

    Chief Change Officer by Vince Chan

    Chief Change Officer

    41 Listeners

    Proven Podcast by Charles Schwartz

    Proven Podcast

    298 Listeners