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Old 07-09-2009, 01:35 PM
Location: Floyd County, IN
26,098 posts, read 45,201,784 times
Reputation: 19064


Brace for More Retail Bankruptcies June Sales Slump Across the Board: Tech Ticker, Yahoo! Finance
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Old 07-09-2009, 09:32 PM
25,433 posts, read 47,684,946 times
Reputation: 29855
Not at all surprising; I've said for years that there are too many stores and most of them carry the same things.
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Old 07-09-2009, 10:52 PM
Location: Great State of Texas
86,052 posts, read 83,302,781 times
Reputation: 27712
And minimum wage goes up to $7.25 on 7/24 or 7/25. Only adding to the pain.
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Old 07-11-2009, 04:53 PM
Location: Oregon Coast
1,845 posts, read 6,770,518 times
Reputation: 1435
The unemployment rate is high so I guess you can't expect spending to go up much right now. Some of those people working are afraid they won't have a job soon. Others are maxed out on credit. It doesn't leave a lot of room for spending on anything but groceries,gas, and not much else.
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Old 07-12-2009, 02:26 PM
Location: Danville, Ca
315 posts, read 926,047 times
Reputation: 192
Rivermann32 - Thursday July 09, 2009 01:27PM EDT

"With so many breadwiinners in the unemployment lines it's no wonder retail sales are down. Looks like teens are going to have to get by with clothing and shoes from K-Mart and Walmart like they had to back in the old days. Too bad!"
I copied this response someone had from the article. Back when I was younger this is where we shopped. There was no $200 jeans and $200 sneakers. We didnt shop at high-end retailers for school clothes (my friend does this). As long as this economy is in the tank teens are going to have to get with the program. Alot of these parents that buy these expensive clothes cant really afford them. Case in point, I went to a baby shower over the weekend for the daughter of one of my old friends. She bought her a Juicy Couture diaper bag that runs from $300 to $400. Mind you she doesnt own a home and does not have a high-paying job. That is just ridiculus to me what's wrong with a diaper bag from Target. I think another reason why high-end retailers are not doing well because to many people that were using their homes and credit like atm's can no longer afford that expensive stuff.
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