http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4735935Oh my.
Ms. Ed the unappellated eohippus makes a rare appearance:
Horse with no Name (1000+ posts) Tue Dec-30-08 03:11 AM
Original message
Disturbing story on the news. People are returning Christmas gifts en masse
This is UP 40%. Almost half. This cannot bode well for the retailers.
http://cbs11tv.com/consumer/shopping.returns.holiday.2....
>>>snip
During a recession ordinary people will sometimes do extraordinary things. You may have seen the numbers - holiday sales through Christmas Eve were down as much as 88-percent compared to a year ago. And today we learned that the number of people returning gifts is up 40-percent.
The economy has many North Texans trying to decide whether to keep the gift, or trade it in and use the cash.
>>>snip
"We are seeing more gift cards being used more on the grocery side – that they get from their exchanges," explained Target tore manager Aaron McKnight. "Just because food is something we definitely need right now, over something they we may want."
That type of 'savings strategy' is one customers at a North Dallas Wal-Mart store also reportedly use. Shoppers there pocketed a nice chunk of change on returns.
Un, in case anyone's forgotten, in past years, Ms. Ed's led the primitive brigade assaulting the retailers; why this sudden concern for the retailers now?
dkf (1000+ posts) Tue Dec-30-08 03:20 AM
Response to Original message
1. I didn't think it was possible for things to get worse for the retailers.
Apparently, I was sadly mistaken.
And a not-rare appearance by Doug's ex-wife:
sfexpat2000 (1000+ posts) Tue Dec-30-08 03:21 AM
Response to Original message
2. Thanks, BushCo!
I hope we can stay in power long enough to get our people back on their feet.
sandnsea (1000+ posts) Tue Dec-30-08 03:32 AM
Response to Original message
3. Yikes
I've got a griddle given to us by well meaning friends, but I already have one. I've been debating about returning it myself. In years past, I'd have just given it to one of the kids without a second thought. Yep, times are tough. I don't think I've ever seen people return gifts to buy food before.
snot (1000+ posts) Tue Dec-30-08 04:23 AM
Response to Original message
5. And TX is supposedly faring much better than most areas.
DU AdBot (1000+ posts) Tue Dec 30th 2008, 04:31 AM
Response to Original message
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