The Conservative Cave
Current Events => Breaking News => Topic started by: BlueStateSaint on November 30, 2009, 04:47:30 AM
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SAN FRANCISCO/CHICAGO, Nov 29 (Reuters) - U.S. consumers spent significantly less per person at the start of the holiday season this weekend, dimming hopes for a retail comeback that would help propel the economy early in 2010.
The lackluster spending could pressure retail stocks on Monday as some investors were looking for a stronger showing compared with a year earlier, when consumers were being hammered by the recession and credit crunch.
"There may be a bit of a pullback, a little disappointment," said Patricia Edwards, chief investment officer at Storehouse Partners.
While shoppers turned out in force as early as U.S. Thanksgiving Day on Thursday, many said they had zeroed in on highly discounted items, would buy only what they needed and would walk out of a store if they did not find a good deal. "Shoppers proved this weekend that they were willing to open their wallets for a bargain," said National Retail Federation Chief Executive Tracy Mullin in a statement on Sunday. Retail chains "know they have their work cut out for them to keep people coming back through Christmas."
The particular piece on Drudge that I got this from is the fourth update.
Now, about that "recovery" . . .
The rest of the article is here:
http://www.reuters.com/article/marketsNews/idUSN2940861120091130
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I bought cigarettes this weekend, that was my total shopping.
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I bought cigarettes this weekend, that was my total shopping.
I bought $110 worth of gas to get down to Arizona on Wednesday (night/Thursday morning) and about the same to get home again Saturday.
I wouldn't shop on Black Friday if somebody Lord Ø put a gun to my head.
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Did all of my shopping Thanksgiving Day. Spent a total of $100. There, I "stimulated" the economy.
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While shoppers turned out in force as early as U.S. Thanksgiving Day on Thursday, many said they had zeroed in on highly discounted items, would buy only what they needed and would walk out of a store if they did not find a good deal. "Shoppers proved this weekend that they were willing to open their wallets for a bargain," said National Retail Federation Chief Executive Tracy Mullin in a statement on Sunday. Retail chains "know they have their work cut out for them to keep people coming back through Christmas."
Yeah. As it should be and hopefully will remain.
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I bought cigarettes this weekend, that was my total shopping.
I bought a couple things from my church bookstore.
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I have not started yet...procrastinator
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I am doing my shopping online. I hate crowds.
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On line sales were $500 million. Expected $800 milliom more this week. Doing my remaining shopping on line too......
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My store did 22% better than last year...
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Would have done more shopping but I was broke
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Would have done more shopping but I was broke
What?!?! In this WONDERFUL Ø-conomy? Where's your hope and change, and your hope FOR change? :evillaugh:
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What?!?! In this WONDERFUL Ø-conomy? Where's your hope and change, and your hope FOR change? :evillaugh:
I'm out of hope, and what little change I have in my pocket goes to buy gas, to cut firewood to heat my house.... :lmao:
Btw, I had to eat my pony. What did the rest of you do with yours?
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I'm STILL waiting for my pony!!
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I'm STILL waiting for my pony!!
I'm still waiting for my GI Bill. :censored:
A pony would be a nice diversion... :uhsure:
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I'm still waiting for my GI Bill. :censored:
A pony would be a nice diversion... :uhsure:
I found when you put it on a BBQ with some mesquite chips and a side of A1 sauce, it actually isn't too bad.
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I found when you put it on a BBQ with some mesquite chips and a side of A1 sauce, it actually isn't too bad.
How do you keep the high pitched neighing as you cook it from disturbing the neighbors? :fuelfire: