quote “while lower gasoline prices cut into overall retail sales in December”
WHAT!?!?
Why would LOWER gasoline prices cut into overall retail sales?
Um.. LOWER gasoline prices would give people MORE money to spend not less!
What kind of messed up logic is this?
Listening to political hacks talk is like bashing your head against a brick wall: it is completely senseless and feels so good when it stops.
More cr@p from “experts”.
This title is ILLOGICAL; it makes no sense. Low gas prices should have made it EASIER and ENCOURAGED more sales, but it didn't. THEREFORE THERE ARE OTHER FACTORS AT WORK.
Take for instance the Employer Mandate and increased ObamaCare penalties (can be 2.5% of income in 2016). For those laid off or switched to part time employment, of course they would reduce or eliminate their shopping because of the 2016 Employer Mandate.
Those Self-Employed workers who have to make there estimated quarterly tax payments who could not afford Obamacare now would know they had to pay the higher tax/penalty and therefore reduce or eliminate their shopping as well.
Logic seems to be absent in much of the press these days. And I for one will not buy from their advertisers to say so to them.
we had....MORE money, cause we spent.....LESS....on gas, so we SPENT LESS....at the store.....HUH???????
End of last year, I lost my 7 figure contract with another big chain. I know they will also close stores.
Low gas prices are the only relief nowadays for most Americans, what with the high cost of rent, utilities, food, clothing, insurance, dentist/doctor bills, taxes, etc., etc. Not many have money left over.
Anyone notice a drop in prices resulting from lower shipping costs? Nope. I didn’t either.