April 10, 2008
March spending the worst in 13 years
More bad news for the nation's retailers today, as consumers seem to continue cutting back.
Here is what the Associated Press is reporting today about March retail sales:
The nation's retailers reported the weakest March sales in 13 years on Thursday as consumers — fretting about mounting economic problems and enduring a frigid Easter — limited their shopping to food and other essentials.With prices at the pump rising and worries about jobs increasing, shoppers bought basics at discounters and wholesale clubs and snubbed mall-based chains' clothing, jewelry and furniture. The earliest Easter in 95 years also hurt sales; shoppers weren't in the mood to buy spring clothing in cold weather.
What do you think? How is your family handling things? Are you spending less -- or more? Are you more careful about what you spend money on in light of the economy?
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