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  1. #1
    What's the word? Rhia7's Avatar
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    Bad retail news from Bloomberg.com
    Americans to Spend Less on Holiday Gifts Due to Economy Worries

    Retailers, expecting what could be the worst holiday-shopping season in four decades, are trying to lure shoppers with deep discounts, shrinking profit margins in the process. The biggest consumer-spending slump in three decades is likely to persist as home prices fall and job losses mount.
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  2. #2
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    I'd say that those guys have "an acute awareness of the obvious"

  3. #3
    ABW Ambassador affninja's Avatar
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    If there's a silver lining, it's that shoppers are going online to find deals and stretch their holiday budgets more than ever.

  4. #4
    Antisocial Media Expert ProWebAddict's Avatar
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    Quote Originally Posted by Merchant Consultant Team
    I'd say that those guys have "an acute awareness of the obvious"
    Right, I was just about to thank Captain Obvious.

    Not directed at the OP, but at the article.

  5. #5
    Grandma broke her coccyx! Uncle Rico's Avatar
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    Retail Industry Bailout?

  6. #6
    What's the word? Rhia7's Avatar
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    Quote Originally Posted by SeymourButts
    Retail Industry Bailout?
    I don't know why there wasn't a discussion on this adotas article [although the article was written with sarcasm, there are a few interesting points]:
    Federal Bailout Proposed for Online Ad Industry
    ADOTAS The online industry has joined the financial, insurance and auto industries in loudly clamoring for a little love from Uncle Sam.
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  7. #7
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    Online spending has grown only 1% from Oct./'07 to Oct./'08, the lowest rate of growth in a decade. I am uncertain, but I believe this is the lowest rate of growth since '91.

  8. #8
    ABW Ambassador MeeMaw's Avatar
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    Another report shows that our debt (as consumers) is going down in the first time in history. We are saving more money, and stopping spending. Might hurt things in the short term, but it's a good thing for the long term.

  9. #9
    ABW Ambassador simcat's Avatar
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    debt might be going down because people are tapped out, going bankrupt, losing their houses, etc.

    Off topic, look for today to be an awful day on Wall St.

  10. #10
    Full Member Greywolf's Avatar
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    Normally Meemaw, I would be thrilled with consumer debt load decreasing, but I have to agree somewhat with simcat. Much of the consumer debt increase seen in the last 10 years was from home equity loans. That gravy train has run dry, and many folks are finally forced to pay cash or forget it. I feel in a few years when this mess is cleaned up and home prices are again moving up that we'll see American's once again fall in love with debt.
    "Somebody may beat me, but they are going to have to bleed to do it." Steve Prefontaine

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