That is the trouble with offering too many deep discounts, if volume in response does not pick up then you are really in trouble. Why is Britain having these problems, is it the decreasing lack of meaning in Christmas, the EU, the riots, or what?
The dismal Obama economy has repercussions globally. Until America recovers its rightful place of dominance in the world, the UK will continue to founder. Change is coming in a year when Conservatives led by Newt Gingrich restore free-market capitalism here.
(( ping ))
We went to a well-known outlet center in the Twin Cities metro to shop the after Christmas sales today. Hadn’t been there since last March. Prices have tripled, even on sale, and a fourth of the mall was shuttered having gone out of business.
That was just plain scary. I made sure to thank 0bama.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. - Vladimir Ilyich Lenin
If this article is true....
The simple reason is people just don’t have the money to spend. There are a thousand reasons why but money is tight so the retail sector is not getting their discretionary spending. Same thing has hit here but not as bad yet. I can drive around and see malls with lots of occupancies.
America has been over_malled and over_real_estated for years as we turned from a producer economy to a consumer economy. We built way too many houses and shopping malls. We built temples to consumerism instead of productive enterprises and factories. You can blame the EPA and other Gov’t regulators. You can blame free trade. You can blame cheap China imports. You can blame the rise of the paper shufflers and skimmers in the FIRE sector http://en.wikipedia.org/wiki/FIRE_economy You can blame idiot liberals and policy wonks who see Gov’t as the savior.
We have two very productive sectors. Agriculture and energy/oil/gas we should build on them but that’s the last thing the Obama EPA will let us do. So getting rid of Obama is imperative and I could care less if it is Mitt Romney who does it (though I really like Perry and Gingrich)