Retail Heading Towards Biggest Wreck in 17 Years

Friday, January 18, 2008 | 01:30 PM

Just a brief reminder: there have been numerous idiots insisting that the consumer was just fine, and this holiday season was free from problems.

As it turns out, that view is, um, slightly off:

"The retail industry appears to be skidding toward its first big wreck in 17 years.

Chains are slamming the brakes on store openings, cutting back on inventory and girding for leaner times as consumer spending chills. The speed with which sales slowed during the holidays caught even cautious retailers off-guard, prompting a flurry of profit warnings.

And while data on December consumer spending won't be released until the end of the month, plummeting sales suggest consumers are snapping shut their pocketbooks."

Please note who these data-free, reality-challenged, no-nothing money-losing pinheads are. You'll see them spouting the same bullshit next cycle, too. How wrong do you have to be before you get banned from TV?

Retailers Sink Into the Doldrums
January 18, 2008; Page B1

Friday, January 18, 2008 | 01:30 PM | Permalink | Comments (60) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Retail Heading Towards Biggest Wreck in 17 Years :


Looks like the gloves are off at Big Picture.

That is not a complaint. :)

Posted by: VoiceFromtheWilderness | Jan 18, 2008 1:34:22 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™