• Bloomerg.com
U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years.
Interesting that the biggest drop in sales was women's clothing. I haven't bought any new clothing in two years, not since I spent $20 on a blouse that looked like a rag after only two washings. Unless you are paying an exorbitant price for top-of-the-line, everything else is crap. And since I can't afford expensive clothes, I buy at thrift shops. We are such a shopaholic nation that I find never-worn clothes with the tags still attached. For $6 I bought suede pants originally priced at $80. I found a $1975.00 dress--that's right, almost two thousand dollars--for $5. I buy most other things at yard sales. And now that everyone is going broke and selling off their belongings in order to pay bills, I recommend that we all go shopping in our neighbors' yards.
1 Comments in Response to Holiday Sales Drop to Force Bankruptcies, Closings (Update4)
Interesting that the biggest drop in sales was women's clothing. I haven't bought any new clothing in two years, not since I spent $20 on a blouse that looked like a rag after only two washings. Unless you are paying an exorbitant price for top-of-the-line, everything else is crap. And since I can't afford expensive clothes, I buy at thrift shops. We are such a shopaholic nation that I find never-worn clothes with the tags still attached. For $6 I bought suede pants originally priced at $80. I found a $1975.00 dress--that's right, almost two thousand dollars--for $5. I buy most other things at yard sales. And now that everyone is going broke and selling off their belongings in order to pay bills, I recommend that we all go shopping in our neighbors' yards.