11.14.2008

retail

Took a header last month.

Well, except the used book biz- we were up a bit.

The secondary market thrives when times is hard.

But locally Mervyn's is going down, Linens n' Things (which opened about a year ago) is going down, and there are a lot of places running light on inventory during what is traditionally the ramp-up to Christmas.

I think there's going to be blood in the streets this January.
Big chains don't shut down before the largest yearly buying spree unless things are dire. I expect several more to crash and burn if/when Christmas sales are in the toilet.

6 comments:

Stuff-O-Rama Blog said...

Yeah, I'm feeling it big time. My sales are down to about a quarter of what I sold last year. Really scary. I haven't bought much new merch either. The talking heads on the networks claim the interweb sales are going to jump, but I used to get 10 - 12 orders a day, now it's down to 8 a week. For real.

baxie said...

counter-intuitively, the economic collapse has been great for us.

People who suddenly need money look for shit to sell- we've bought a TON of great books that we'd never have seen in a healthy economy.

And for people with suddenly limited means looking to economize, what's more natural than the used book store.

Ivan said...

apparently video game sales are up about 20% too

Anna said...

we went to the movies today -- it was the massive outdoor mall (must see daniel crag on the largest screen available to me. and in 3-d, if possible)and it was almost empty.

the economy, it is collapsing.

woodyb3 said...

Ouch. How was the latest Bond action? Was the latest Star Trek movie trailer awesome?

Anna said...

woody, the bond movie was derivative, heartless and predictable, but i'll watch daniel craig do anything, especially if he ends up all sweaty and determined in a dirty, blood-stained suit. so, not as good as the first (he's the only bond as far as i'm concerned), but still enjoyable.

and the star trek trailer was great! i'll go see that!