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Archive for Sunday, December 14, 2008

Attitude likely to affect sales

December 14, 2008

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It’s all a question of perception.

That’s how Kansas University associate business professor Dennis Rosen describes consumer behavior as the holiday shopping season continues.

“Consumers are going to be looking for sales at this point, and there’s going to be some real belt-tightening,” Rosen said.

Stores were busy the Friday after Thanksgiving, but that wasn’t enough to boost the economy out of its downturn. Nationally, November retail sales fell 2.7 percent compared with the same month a year ago, according to International Council of Shopping Centers, a trade group.

Shoppers also aren’t using their credit cards as much. A Consumer Reports survey shows more than half of shoppers intend to rely less on credit this Christmas.

People are concerned about losing their jobs, tight credit and home mortgages, Rosen said. “At the same time, they watch the news and hear all the weaknesses that exist in the economy and they wonder if it is going to affect them.”

If you can afford a new car, sale prices at auto dealerships are good. But consumers will start spending when they feel economically secure, Rosen said.

“When they feel insecure, they start pulling back,” he said. “It’s like a tortoise pulling its head in and taking cover.”

Comments

southdakotan 6 years ago

I waited 30 minutes in the check out line at Kohls last Saturday and could barely find parking spots in KC yesterday. I guess I do not understand where our economy is "hurting". Can someone explain?

Steve Jacob 6 years ago

1) sure weekends are busy in December, 2) stores had to slash profits to get people in the stores, and 3) people are not going crazy with the credit card this year (which I think is a good thing).

Phil Minkin 6 years ago

southdakotan (Anonymous) says… I waited 30 minutes in the check out line at Kohls last Saturday and could barely find parking spots in KC yesterday. I guess I do not understand where our economy is “hurting”.Really! Do you have money in an IRA or own stocks or have a pension? Do you know someone who has be laid off or may face a job cut. Have you tried to get a loan? There people out shoping for bargins, but most companies report sales are down. Even Walmart is selling more food and necessities rather than durable goods. If you are unaffected you're lucky, but don't be oblivious to the pain of others

flux 6 years ago

No Joke southdakotan.....are you joking? Looks like we have Mr conspiracy theory on our hands.......your not allowed to post anymore.

Thinking_Out_Loud 6 years ago

Larry_The_Moocher is concerned that foodboy and flux are spending too much time on LJWorld's discussion forums. That if they spent less time here, they would think more like Larry. Let's look at some facts:flux: 131 comments since April 2006.foodboy: 123 comments since December 2004.Larry_The_Moocher: 406 since August 2008.Wonder which of the three is spending more time here....

avetaysmom 6 years ago

It's December 14th and I still haven't bought any presents, and do not plan to spend very much at all, and yes it's mainly because of the way the economy is, it is scary, my brother-in-law who works for a huge company(think, "i'd like to teach the world to sing")just found out his job was done away with, he will get a severence package, but I know he is going to have a hard time finding another good paying job, after 15 years at the one he just lost.

reginaflangie1 6 years ago

Just wait things are not going to get better.

skinnee11 6 years ago

Foodboy wrote:Do you have money in an IRA or own stocks or have a pension? Do you know someone who has be laid off or may face a job cut. Have you tried to get a loan?reply:Yes. Yes. Do not need one. What's your point?

yellowhouse 6 years ago

Thank Gawd there is a Yellow HOuse to shop at!We are selling the heck out of our musical instruments, especially electric guitars priced under $100.

yellowhouse 6 years ago

Yellow House has a huge selection of iPods for $65! We have Laptop and desktop computers some are nearly new! Way below retail! Christmas does not have to be expensive! Our stuff is boxed and shrink wrapped to look new!Even very wealthy looking people have been comming in this year to buy gifts for family members!Its great!

yellowhouse 6 years ago

If anyone needs a digital camera, we have name brand digital cameras up to 10 MP starting at $35! Some are in the original boxes and look new! You can still get a great gift for someone really special at a really cheap price at the Yellow House!

yellowhouse 6 years ago

Just an added note we do require sellers to fill out paperwork that includes personal ID and fingerprint.All our items are screened for protection against stolen property!

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