People can and will debate as to why retailers such as Office Depot are closing stores. Most contend that the economy is caught in such a downward spiral that many big-box stores can’t make enough money to stay open.
The answer to that is yes and no. The economy is down, not dead.
I have never been inside a major department store where the aisles were completely devoid of customers. Look, people are buying less, but that’s a good thing.
Customers are finally doing what that they should have been doing from the begining: sticking to buying the things that they need.
People aren’t cutting back on toothpaste or bread.
They’re cutting back on DVDs and trips to their favorite restaurants. If you want a bailout, stick to buying the things that you need. Cut back on buying the junk that you want.
