We are going to see retail, in general, take a HUGE hit in 2014, resulting in millions more unemployed, in waves that will create a domino effect across all economic sectors. This is due to 0bamacare, and the result that the “middle class†who buy the everyday goods at stores like Sears and Macy’s, will have NO MONEY left to use after paying their health insurance premiums. This is my prediction, but just IMHO. I think the last “recession†is going to look mild compared to the next one.
The next couple of years are going to be a NIGHTMARE.
I’m pretty much broke and worrying my butt off 24/7.
THANK GOD I never had children, I worry for my poor niece and nephew though....
I don't get high on shopping any more so I get whatever I can cheap. Haven't been to Sear's forever; last time I was in Penney's maybe 10 years ago to get a battery replaced in a watch my daughter bought there. She lost hers and I still have mine with no battery again.
This concerns me greatly. Christmas sales were down. And you are right. As we get further along with O'careo middle class will have little to no discretionary income left.
I see what you see coming. A crying shame. I don't support any of the many stores left except W'mart which I hate. I have an item in my cart at amazon that was 51 before Christmas and now 64.95. Cold day in he!1 before I will pay that. And I can really use it.
Correct.
It’s due to the rise of internet shopping. The Fry’s store in Palo Alto recently cut their floor-to-ceiling shelving to about shoulder-height. The shelves used to be packed with merchandise…now the much shorter shelves are often not even full.