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Nour Akkad: Empty Wallets And Empty Malls Leave Retailers Desperate


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It's called Deflation. And it is just as bad for the economy as inflation because it means companies that produce the junk we buy won't continue to do so (or as much) because their profits are minimal when they have to slash prices becaue demand is low cause no one has money (or credit). Years over outsourcing of high-paying jobs and stagnant wages for the rest....combined with consumers having tapped out their credit (and banks crippled by reckless lending)....have brought us to where we are now....the economy is going down like the Titanic....Captain Dubya hit the mother of icebergs while blindly steaming full speed ahead with deficit spending. And there's not enough lifeboats.

    Favorite    Flag as abusive Posted 11:31 AM on 12/01/2008
- LMPE I'm a Fan of LMPE permalink

I'm not a mall person. Alicia Silverstone's character in "Clueless" is probably wishing that she hadn't overspent.

    Favorite    Flag as abusive Posted 05:15 PM on 11/30/2008
- Cos1 I'm a Fan of Cos1 permalink

This article is addressing experiences at up scale stores and this should have been indicated in the heading. There aren't commissions at most stores mid class people shop at.

I've been to both up scale and big box stores where the associate expects you to wait while they finish their personal phone conversation or they are clustered gossiping about the customers. Stores aren't kept neat and clean anymore. They leave trash from shipping boxes on the floors for customers to carefully step over as they restock or set up a display. Management types stand in the middle of an aisle and dress down an associate or have meetings with other department managers while customers try to maneunver around them. Carts are left in the aisles for customers to find their way around. Rarely have I seen any associate that anxious to help a customer. The economy is not the only reason people aren't shopping in stores. There is no more customer service.

    Favorite    Flag as abusive Posted 03:57 PM on 11/30/2008

You should do what my family does. We do not give presents on Christmas. Thus we save big bucks and the urge to buy junk even at low prices. We also don't get trampled to death in malls or shot dead and or have to worry about our cars getting dented in parking lots. The best time to buy is after Xmas when the deals are really good and their are no lines. America, Wise Up!!!

    Favorite    Flag as abusive Posted 11:18 PM on 11/29/2008
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How much good has a business degree been to these automatons? All these business which are focusing on cutting costs cannot wrap their head around growth. All the cost cutting at the bottom layers are at a max and no come the tiers above. Everytime a business cuts an employee in America they are cutting a consumer. Without government intervention this cycle continues indefinitely.

Think about it folks. When you go to the grocery store those self serve check out lanes used to have people working at them. All those online sales might result in some minor savings today but when the retail stores close there will be less local jobs, more for lease and build to suit signs and less asset value in real estate and more foreclosures..... Does anyone see a pattern here? Cost cutting...

Just make sure you pay the big boys as much money as possible....

    Favorite    Flag as abusive Posted 04:44 PM on 11/29/2008
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