So there’s a lot less buying going around these day, we all know that.
Their health and appearance. Among a few other things.
Hey, Big Spender, are you out there? You must be, since December 2008 sales amounted to $343.2 billion. What did you buy?
Nothing impulsive or lavish, it would seem. Consumer confidence is at its lowest point in history and, according to a Jan. 14 report released by the Commerce Department, retail sales were down 2.7% in December 2008 from November 2008 and 9.8% from December 2007.
From Wal-Mart to Saks Fifth Avenue, retailers are so desperate to rid themselves of inventory that they’re marking down some merchandise by 90%.
Click here to read the entire Forbes.com piece.
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