wigg

I work in an industry that depends on consumers. I have been in retail for over 20 years. Consumer confidence or lack of is a nasty cycle. The more scared people get the less they spend, the less the spend the less that gets recycled into the economy. I have seen some tough retail years, this is turning out the be the worst. Even the big boxes are feeling the squeeze. There will be some names in retail we are all familiar with disappear after the holidays. Maybe the market is correcting itself, I think it is over correcting itself.
As a country we must cut back, but not shut down. I work for a very large discount retailer, that gives back 5% of its revenues to the communities we do business in, with revenues down 4% we give 4% less back, we have less labor, which means less jobs available. It will come back... when is the question!