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People are realizing they don't need the latest and greatest little things. These 2000 tvs and iphones are a must have buy and in a bad economy people are cutting back big time. I think it's good though, now companies can stop making a gazillion products every month promising new tech when it does what the last generation did and nothing new.
Check out those tech blogs like engadget and see those guys spend 700 bucks on a new phone when they bought their old phone in March lol.
IMO, good for the consumer and the economy. Consumers won't be paying 30% interest on their rampant impulse buys, wealth that would be transferred to a bailout bank.
People are realizing they don't need the latest and greatest little things. These 2000 tvs and iphones are a must have buy and in a bad economy people are cutting back big time. I think it's good though, now companies can stop making a gazillion products every month promising new tech when it does what the last generation did and nothing new.
Check out those tech blogs like engadget and see those guys spend 700 bucks on a new phone when they bought their old phone in March lol.
The problem though is that they realize it AFTER they bought it.
There are a few articles out on the net about this. Most realized they blew their budgets after they got home and surveyed the damage.
I guess better late than never though. At least it's a start; people realizing they cannot live off of "credit".
I was scoping out the holiday sections of the big box retailers near us and they're largely cleared out of things like lights and decorations. They were lighter on the selection this year but its still probably a pretty good sign. But the crowds aren't there. Either people have bought early or are waiting for big discounts at the very end of the shopping season.
And the merchandise isn't there. Computers are scarce and deals are far and few between. The same goes for things like cameras, gadgets and TVs.
If you need clothes, thats a different story. There you have the selection and there are some sales going on.
Overall I don't think this was a great year for sales either.
I was scoping out the holiday sections of the big box retailers near us and they're largely cleared out of things like lights and decorations. They were lighter on the selection this year but its still probably a pretty good sign. But the crowds aren't there. Either people have bought early or are waiting for big discounts at the very end of the shopping season.
And the merchandise isn't there. Computers are scarce and deals are far and few between. The same goes for things like cameras, gadgets and TVs.
If you need clothes, thats a different story. There you have the selection and there are some sales going on.
Overall I don't think this was a great year for sales either.
It wasn't as good as last year on electronics--that's for sure. This confirms my suspicion that lots of people were shopping black friday for necessities as much as anything, and it looks like it might be that if they did buy things that they really didn't need, they're taking it back now. It's bad that the economy is in the state that it's in, but it's good that people are learning to delay gratification and actually save and wait for something. Like I said, we did buy a new TV for our bedroom, but the old one was nearly 20 years old, and replacing it later when/if it breaks down would turn out to be more expensive than getting a better deal now. I'll be doing some appliance shopping shortly for the same reason. We're not under any kind of financial stress--I'm sure that attitude is even greater for families who are.
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