Sluggish retail

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It seems tough to keep cash in my wallet these days. Between gas prices and the higher cost of food, there doesn't seem to be much money left at the end of the day.
I've managed to cut down on most discretioniary spending, including clothes and entertainment. And, it seems, I'm not the only one.
For March, The Bon-Ton Stores reported a 4.9 percent drop in total sales from $288 million a year ago to $274 million.
Many analysts have stated that people have started to shun higher-end retailers in favor of discounters like Wal-Mart and Target.
Instead of clothes and electronics, more people have been focused on buying necessities like food.
Are you shopping at more discount stores? What have you cut down on in order to keep your budget afloat?

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This page contains a single entry by Sean Adkins published on April 10, 2008 10:38 AM.

The economy is killing the middle class was the previous entry in this blog.

Everything I know about work, I learned from Jim Halpert is the next entry in this blog.

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