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| quote: | Originally posted by diskodave
It's not 'over saturation' of consumer stuff... it's the economy. Credit freeze, consumer confidence at all time lows, massive layoffs spiking the unemployment rate, foreclosures, real estate mkt falling apart. No body wants to spend, spend, spend... and ALL retailers are getting hit hard, so they are forces to cut costs... |
it's both... our economy has become heavily dependent on mass consumption, which has allowed the retail sector to over-saturate with success. now that people are actually paying attention to money because credit is drying up, the labor force is shrinking, and inflationary spending is making everything more expensive, the gravy train has broken down for retail and businesses are being forced to think efficiency (less inventory, less overhead). this is good for everyone except the employees that get cut, which is mostly students and kids anyway. lower cost structures for these companies means cheaper goods for you--even if that forces you to drive down an extra exit from the freeway to get to the next walmart. less outlets and inventories means less energy consumed, less waste produced, and less garbage to bury in 2 years when you throw that junk you just bought today out.
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