Retail crash

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office-depot.jpeg

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.

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About this Entry

This page contains a single entry by Sean Adkins published on December 11, 2008 9:06 AM.

Sounding smart around the water cooler was the previous entry in this blog.

Prices are falling. And that's a bad thing? is the next entry in this blog.

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