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Tomorrow you will see an article about how Christmas sales were disappointing this past season. Don't believe the propaganda, folks. See the truth with your own eyes. Macy's is closing its downtown St. Paul store and five other stores around the country; Neiman Marcus is closing its downtown Minneapolis store in July 2013; strip malls all over have vacancies that held retail businesses four years ago. Is this a sign of a healthy economy? Oh yeah, Best Buy, Kmart, and other retailers have been closing stores the past six months. Need a clearer picture?
Over the past decade there has been a vast trend towards online purchases. Witness the explosion of revenue at Amazon during that time period. Brick and mortar operations will continue to decline as they cannot compete with the point and click ease that Amazon and other online retailers offer. Keep in mind online retailers don't have to pay to lease space either. So to get an accurate picture of holiday expenditures one must look at all spending globally, both in stores and online. I would add that management at Best Buy and Kmart aren't exactly doing a stellar job running their operations either..
Surly I have heard all of this before from the same A/P writers. Their jobs must be to cheer up all of us despite the truth. AS the other writer said, the sales will turn out to be poor. And just what will the sellers say about next year when ALL of the consumers will have lost 2 percent of thier income?? Will we hear another smoke version from the same people? Really? Homes are now falling and taxes are up. Only blind people could not see what is all around them. Better look, people, with clear eyes.
I'll just add this to the enormous growing pile of positive news that used to be just a trickle, but now is a steady stream, and the nay-sayers can try to spin it and add it to the shrinking little pile of fantasy bad news. Denile isn't just a river anymore.
member11, although you are correct in pointing out the effect of online sales, the trend has actually bottomed out quite a bit. retailers are discovering that there are still alot of people that like to paruse the malls and stores. They enjoy the experience. I myself will shop at home everytime.
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