Thursday, 14 July 2011

Top Retail Analyst: "I Think What’s Going On ... Is That We Are In A Depression For 80 Percent Of Americans"

More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn.
-----------------------------------------
“In those stores, somebody comes in with $12 to do all their shopping,” said Davidowitz. “The person who used to come in with $12 now comes in with $8.”

“In other words, the economy is continuing to be worse, the ... depression continues to explode,” he added.
http://www.washingtonsblog.com/2011/07/top-retail-analyst-i-think-whats-going.html


[Posted at the SpookyWeather blog, July 14th, 2011.]

No comments: