Comments on: Hello Recession!

By: G.A.Phillips

G.A.Phillips — Sat, 08 Nov 2008 02:48:51 +0000

Hate to say it James, but I think you are in for a world of hurt...

yup start applying for a city, state, or Federal job now and make sure to take off you flag pin and find one that says Obama 2008.

By: tom p

tom p — Sat, 08 Nov 2008 00:03:02 +0000

Right now we are placing a lot of hope in the Christmas season coming up. Whether it will perform at our least expectations is still to be seen.

Hate to say it James, but I think you are in for a world of hurt...

By: James M.

James M. — Fri, 07 Nov 2008 23:13:35 +0000

As a Wal-Mart employee, I can state we are doing o.k. because of the fact we sell a large assortment of merchandise including a lot of necessity items. However our sells are down in the areas where we traditional make most of our markups in the impulse buying area. So I feel we will be o.k. overall but if the economy continues to lag over an extended amount of time then we face issues with cuts in employee hours, which has already occurred with no over 38 hour weeks, and possibly layoffs. Right now we are placing a lot of hope in the Christmas season coming up. Whether it will perform at our least expectations is still to be seen.

By: Michael

Michael — Fri, 07 Nov 2008 21:35:07 +0000

The main reason Wal Mart is doing ok is because they have an exclusive on the new AC/DC album

Good to see you're back on your game, Triumph.

By: Triumph

Triumph — Fri, 07 Nov 2008 18:11:22 +0000

Wal-Mart, are doing okay

The main reason Wal Mart is doing ok is because they have an exclusive on the new AC/DC album

By: Dave Schuler

Dave Schuler — Fri, 07 Nov 2008 18:07:38 +0000

The chain stores article is misleading since the experience varies somewhat among mass retailers.

Everyday low pricing retailers that aren't mostly dependent on apparel, e.g. Wal-Mart, are doing okay while those who aren't discounters and/or mostly sell apparel are suffering, e.g. Abercrombie and Fitch and Target which although a discounter depends largely on apparel.

By: Triumph

Triumph — Fri, 07 Nov 2008 18:01:40 +0000

Hello Recession!

I am christening this the "Obama Recession" right now so we know where to place the blame.

By: Drew

Drew — Fri, 07 Nov 2008 17:42:24 +0000

Yes, the long predicted - almost two years running now - recession most assuredly has arrived. Those retail sales numbers are really tough. One has to wonder if this will be short and sharp, due to the credit lockup, or long and protracted. Good luck to Mr. Obama. Syrupy speeches full of "hope," and "change" don't go far in the real world. I'm thinking that deep sixing those tax hike pledges might.