"Yeah me too! All Christmas at the corner and not one damn sale! Obama bet'ah be get'n this economy going!"
This spells a bitter disappointment for companies that had hoped the holidays would offset a year when sales have been sliding steadily, draining profits and, in many instances, undermining the ability to pay down debt. The industry already has seen a parade of retailers entering bankruptcy proceedings, such as Circuit City Stores Inc., and liquidating, including Mervyn's LLC and Linens 'N Things Inc. The weak holiday sales mean more chains are likely to follow suit next year.
Wow... this means there might be some good deals to be had now.
Hmmm... and Amazon had the best year ever....
A 5.5 and 8 percent drop is “plunging”? Why does this seem more like a modest decline?
Everyone spent their money on guns. I know my family did.
If more people decided to pay cash, might the data be skewed?
I went into our big box store here in Wasilla Alaska, Fred Meyers on the 23rd because they always have a 50-70% sale on Christmas toys, not this year, the shelves were stacked full and nobody was buying, I guess it kinda backfired on them thinking they could hold out and keep the profit margin intact.
America is hurting financially and even sales events won’t help.
And of course this also means imports are just sitting at the docks, China has loaded ships at its docks that won’t sale because the stores like Walmart are not selling.
While most people are doing this to stretch dollars because of financial hardships there are those that have decided its also a passive form of indirect protest or resistance, I look at it as such, I resist buying but the absolute minimum, no credit card purchases and I have paid off my bills.
And of course when millions are doing the same thing it affects the economy and thus affects politics, I know its a stretch but has any thinkers thought of America just doing a sit down protest? They can bluster all they want but America is protesting, and yet they still have no clue why.
Two Guys From Harrison
EJ Korvettes - had a great record department
Great Eastern
Alexander's
White-Modell’s
Robert Hall - still remember the Christmas jingle -”We're doing our Christmas shopping at Robert Hall this Year”
Stern's
Caldor
Gimbel’s
Hahne’s
Abraham and Straus
And what was the basis of that hope? What (with the exception of the One) could possibly lead a thinking person to believe sales would pick up as the economy crashes down all around us?
"Yeah me too! All Christmas at the corner and not one damn sale! Obama bet'ah be get'n this economy going!"
It was funny watching one of the local TV stations talking about how packed one local shopping center was, but the video that accompanied the story showed only a handful of people walking around. I used to work out there, and I know what it looks like packed, and today was just another day. Of course, maybe all of the shoppers were over in the hood buying 0bama stuff.
I’m just waiting for Obama to pay my bills and put gas in my tank.... then I’ll start shopping again! /s
After the crazy spending of the past few years, there has to be a reduction in spending. This is a return to normality, not an aberration.
Maybe Americans are finally getting it and are realizing that thrift, frugality and prudent financial management are actually virtues which still have relevance even today.
Next year, no matter the economy, Holiday sales will be far and beyond the bestest in all the history of mankind foreverandever Oh-bama!
Time for a bailout. Or better yet, Reparations. That’ll fix the economy. ;’)
Is it inappropriate for American kids to learn Spanish?
Posted on 12/25/2008 11:53:50 AM PST by I can has Low Taxes?
http://www.freerepublic.com/focus/f-chat/2154229/posts
Wow, how come this stuff isn’t happening where I live? Malls extremely packed, Best Buy extremely packed...of course, if sales are down a few percent, the other side of that coin is its a few percent down from extremely heavy volume of previous years.
No wonder retail sales have plummeted. They’ve been telling everyone for an entire year+ that the economy is the worst ever, that everyone’s losing their job, and that we are in a crisis.
Also, there’s nothing new under the sun. Who wants another pair of jeans, another gadget, or another gizmo?
They’re trying to make this the worst ever economy, so they can claim having saved us from the end of the world, but it’s just not so.
Use your gift cards as quickly as possible.
The lines tonight were long at Walmart in my area.