Saturday, January 25, 2014

A Perestroika In Retailing

The major US retail store chains are closing their stores:

http://www.cnbc.com/id/101353168

This is due partially to a shift to e-shopping, but certainly also to a lack of spending money in the US.

The less we work, the less we shop, the less we drive ... all spell contracting economy.

Does that sound like a "recovery" to you?

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