Monday, July 11, 2011

Even dollar stores strugglin in 'Obama Depression'

QUOTE: "More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn.  While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of Wall Street’s expectations for several months, a trend that may prove even more ominous for the economy at large. “I think what’s going on in those stores is that we are in a depression for 80 percent of Americans,” top retail analyst Howard Davidowitz told KNX 1070."

Not very long ago I read some news accounts about how Wal-Mart was suffering a major loss in sales.  Now I see that trend has "trickled down" even to the dollar store-type retail outlets.  I hope I'm wrong, folks, but it feels like whatever is happening is much worse than the media will let us know about as they serve as gatekeepers for any information that could reflect badly on "their guy".  My gut feeling is most people can see what is happening and (hopefully) are doing all they can to prepare for their loved ones.

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