Is it just me, or does the dawning of a new day mean the constant downfall of our economy. Tonight I logged onto WWD.com, only to see every headline be about a different company either tanking, or earnings down. From Polo to Fortunoff, it seems all aspects of the retailing world are in trouble.
I need to start seeing good news, or I'm in trouble for graduation. Even leisure activity sales are down, as the flagship Virgin megastore in Times Square NYC is set to close. (NYTimes.com) Thats right, its CLOSING! But, according to this article it will be replaced in early april by our ever-favorite Forever21.
What does this mean? The consumer willing to spend money is ever changing, and right now that consumer is us!
No comments:
Post a Comment