retail news in context, analysis with attitude

Let most of the media wail about the economy. US News & World Report offers six reasons the lousy holiday shopping season actually was good news for the US economy:

• “Shoppers got great deals,” which meant that people willing to spent money, especially on clothing and consumer electronics, “were able to do so without breaking the bank.”

• It sets the retail industry up for a great 2009, because any improved same-store sales will be impressive to stock market analysts.

• People who want to travel can actually do so for far less money than in the recent past, when high fuel prices caused travel costs to skyrocket.

• Internet sites that offer comparison shopping tools for consumers thrived…which helps keep this segment of the e-conomy vital and profitable.

• A tough economy leads to the survival of the fittest…and that’s not necessarily a bad thing, because it creates a stronger foundation for growth later on.

• Consumers made smarter choices about what they bought, and also started saving…which in the long run will be positive trends in an America that has been too addicted to easy credit and instant gratification.

KC's View:
Not sure I feel a lot better. Maybe if I sing and whistle…

For life is quite absurd
And death's the final word
You must always face the curtain with a bow.
Forget about your sin - give the audience a grin
Enjoy it - it's your last chance anyhow…

Still not a lot better. But I’ll work on it…