Black Friday Weekend Spending Drop Pressures U.S. Stores
The first spending decline on a Black Friday weekend since 2009 reinforced projections for a lackluster holiday, increasing chances retailers will extend the deep discounts already hurting their profit margins.
We seem to be coming in a bit shy of Accenture's prediction of an 11% increase so far. Who could have seen that coming? Unfortunately, that is not the scariest quote of the article.
This year, 65 percent of Americans said they were living paycheck to paycheck, up from 61 percent last year, in part because their purchasing power has been eroded by higher costs, according to research from Booz.
We are so @#$%ed.
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The Paycheck to Paycheck Recovery Updated at :
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Monday, December 2, 2013
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