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Retail Sales Plunge

Retail Sales numbers fell for the fourth straight month and plunged to their worst level since record keeping began in 1992. This is important information because it indicates a bad outlook for the retail industry overall and comes as we head into what looks to be the worst holiday shopping season in a long, long time.

Posted by Scott Fowler - Greenville SC Mortgage Planner on 11/14/2008 10:06 AM

Comments (4)

Retail Sales Report in the ActiveRain Channel

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4 Comments on Retail Sales Plunge

NOV

2008

Christmas is not going to save the retailers this year. Doom and gloom and a stock market that is making violent swings.

I wonder if we'll really see a dramatic impact on the holiday shopping season. Afterall, I'm sure Nintendo has yet another version of Playstation or Wii up their sleeve.

If this dramatic time, globally, is about a societal shift, and not just short term downtrends, then "everything" is affected. This is a time to let our creative juices flow, so we can see the real path out of all this morass.

Scott: Thank you. I read this as well. Somehow I believe this is practically the last shoe to drop. We've been hit with so much the for at least the last year. I know it may get a little worse before it gets better but also believe good news may come again sooner than we think. Let's all keep our fingers crossed!

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