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Analyst: Even Dollar Stores Struggling In ‘Obama Depression’
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SWRanger
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July 12, 2011 - 4:51 am
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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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Obama...Depression

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greeney2
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July 15, 2011 - 6:42 pm
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The dollar stores to me are like penny slot machines, you end up spending more.

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DIss0n80r
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July 20, 2011 - 5:33 am
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I would think they'd be helpful for low income people.

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bionic
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July 20, 2011 - 7:13 am
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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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