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The Obama Administration & US Politics

Analyst: Even Dollar Stores Struggling In ‘Obama Depression’

As the 2012 election is now over, Barack Obama has won a second term. Many wonder how his policies, his administration, and how the entire political arena, will change our future.

Postby SWRanger » Mon Jul 11, 2011 7:51 pm

July 11,2011

LOS ANGELES (CBS) — More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn.

While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of Wall Street’s expectations for several months, a trend that may prove even more ominous for the economy at large.

“I think what’s going on in those stores is that we are in a depression for 80 percent of Americans,” top retail analyst Howard Davidowitz told KNX 1070.

“In those stores, somebody comes in with $12 to do all their shopping,” said Davidowitz. “The person who used to come in with $12 now comes in with $8.”

“In other words, the economy is continuing to be worse, the Obama depression continues to explode,” he added.

http://losangeles.cb...ama-depression/
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Postby greeney2 » Fri Jul 15, 2011 9:42 am

The dollar stores to me are like penny slot machines, you end up spending more.
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Postby DIss0n80r » Tue Jul 19, 2011 8:33 pm

I would think they'd be helpful for low income people.
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Postby bionic » Tue Jul 19, 2011 10:13 pm

I friggen LOVE Dollar stores..
The 99 Cents Store, The Dollar Tree (you would not believe the stuff you can get a The Dollar Tree these days!!),
those independently owned ones..yes, yes, yes
L-O-V-E them..them and thrift shops..
some are sos takced athis point you could live off a Doolar Store.
Get just about anything you needed there..some version of it
okay..now I am salivating
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