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Is the economy really slowing down?April 1, 2008Every time I turn on the television, flip on the radio or open a magazine / newspaper, I hear or read about the recession we're in. The economy is failing; the dollar has tanked; people are not buying anything; the the house market has crashed and another mega company hit the skids. According to one report, we're about to hit the housing marketSecond Great Depression. If I listened to everything I hear and read, I'd be too scared to ever buy another thing, nor would I ever leave my house (according to one report citing the increase in robbery rates). Posted by Suze Bragg on April 1, 2008 | Comments (11)
April 2, 2008
In response to: Is the economy really slowing down? Simon commented: We have noticed that the store traffic has slowed, but online traffic has increased. I think the high gas prices are forcing people to rethink their errands, and instead they're relying on the Internet to do their shopping.
April 2, 2008
In response to: Is the economy really slowing down? Tolly DeMarks commented: Our website has a lot of visitors, but they're not buying that much. Our store has the same amount of foot traffic as always.
April 2, 2008
In response to: Is the economy really slowing down? Mark commented: We are a small furniture retailer and the housing crash has really affected us. Nobody is buying sets like they were last year. I don't know whether it's because they're scared or they're really financially in trouble.
April 4, 2008
In response to: Is the economy really slowing down? Suze commented: Good report from MarketingSherpa about how to market in the downturn:
April 10, 2008
In response to: Is the economy really slowing down? Will commented: Our web/store sales starting last June 2007 have been up every month 10-32%. A tennis specialty store we see business rise during hard times. 22 years experience tells that the spending continues, just on cheaper items. Tennis is relatively inexpensive, cheaper than traveling or big ticket items
June 26, 2008
In response to: Is the economy really slowing down? renee commented: I keep telling my husband to turn off the tv and stop listening to the doom and gloom! I have a boutique, ladies clothing, jewelry etc, and i am doing better than ever! My sales are up 50% from last year! My costumers seem happy and I don't think the world is coming to an end! I think the media scares the crap out of people...turn off your tv and live!
June 26, 2008
In response to: Is the economy really slowing down? renee commented: I keep telling my husband to turn off the tv and stop listening to the doom and gloom! I have a boutique, ladies clothing, jewelry etc, and i am doing better than ever! My sales are up 50% from last year! My costumers seem happy and I don't think the world is coming to an end! I think the media scares the crap out of people...turn off your tv and live!
July 10, 2008
In response to: Is the economy really slowing down? furn commented: Yes, we too are a small, med-high end lifestyle retailer in furniture/home decor, and cash flow has really dropped off the scale. We're in California, which may have been hit harder by the housing crisis, but even our wealthy customers seem to be pulling in the purse strings. Year-over-year, the numbers are pretty bad.
August 19, 2008
In response to: Is the economy really slowing down? Rebecca commented: I own a Lifestyle store in TN and I have definately noticed a downturn in our industry. I feel that it is a time when people only buy the big things that they have to have. They learn to buy smarter, even my customers who are quite wealthy. People love my store and they love the experience they get while shopping there, but I have to work harder to get them to purchase. It is not a time when people just come in, want, see, and buy. But in the long run, I think I will be a stronger business owner because of this experience.
October 27, 2008
In response to: Is the economy really slowing down? Sapna commented: This seems a time where people have shifted to smarter and more value driven purchases. It will be worth to wait and watch what retailers will adapt to these circumstances and the ones that will fail to innovate and thus fail miserably.
March 5, 2009
In response to: Is the economy really slowing down? christie commented: Well it is now MAR 2009, and after reading all the posts, I can tell who is in Calif and who is not. I also had (key word "
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