Making A List …
And checking it twice is what Sears Holding Company is currently doing, having announced that poor Christmas sales signal the closing of about 100 stores. They own both KMart and Sears stores, so localities around the nation are waiting to find out if they are going to see another jump in unemployment and more vacant commercial real estate.
All of the reporting about ‘Black Friday’ indicated that sales were up signaling a good Christmas season. Apparently it never occurred to the ‘analysts’ that those sales might have constituted the entire season.
There was a brief increase in traffic at the beginning of the month, but that was it. There was no frenzy, no rush of people ready to buy more ‘stuff’.
The problem with the economy is consumer demand, and it isn’t going to increase until people have jobs and the money to buy things.
December 28, 2011 9 Comments
