I can't take it anymore... one of my last business posts....the DARN ARTICLE was REMOVED from the WEB VERSION of the PAPER in it's UPDATE!!!!
Isn't that interesting!!!
"Sluggish July sales show tight-fisted consumers" by Anne D'Innocenzio, AP Retail Writer | August 6, 2009
I'm tired of the lies AND the insults.
NEW YORK --Shoppers remained tight-fisted in July, raising concern about the back-to-school and holiday shopping seasons as well as for the broader economic recovery.
Related: Going Back to School Shopping
The big worry is that frugal parents will focus on outfitting their children this fall with just necessities like notebooks and jeans. And fear is bubbling up that frugal parents might consider any extra splurges early Christmas gifts.
Related: The Globe's Sales Pitch
Gee, I wonder why they would be doing that, duuuuh!
The persistent pullback despite signs of a stabilizing economy could stall the overall recovery as consumers account for 70 percent of all economic activity.
There is a DIFFERENCE between RECOVERY and STABILIZATION -- and yet the s***-throwing MSM uses them as if they are interchangeable.
"The consumer is stressed and depressed," said Ken Perkins, president of retail consulting firm Retail Metrics. "Back-to-school shopping season is going to be very late."
If at all... Daily Economic Doublespeak
Worries about job security, retirement accounts and home values have made consumers focus on necessities like food and other basics. But stores are also grappling with a newly adopted frugality as consumers -- even those that have jobs and feel secure about their assets -- learn how to save and stick to a budget. That fixation on frugality is likely to linger even after economic worries dissipate.
Michael Dart, a retail strategist and leader of private equity practice for consulting firm Kurt Salmon Associates, believes that based on what he's been hearing from consumers, some of those purchases may even double up as Christmas gifts as shoppers remain tight-fisted. "Shoppers are becoming much more practical," Dart said.
I don't want to read it anymore.
The rest is for you, readers.
The bargain-hunting played out again in the retailers' reports, with mall-based apparel stores faring the worst. Among the disappointments were Macy's Inc. and teen retailers Abercrombie & Fitch Co. and Wet Seal Inc.
(See below flahback)
The few bright spots were apparel discounters like Ross Stores Inc., and TJX Cos., operator of the T.J. Maxx and Marshalls chains, both of which reported sales gains -- a rarity right now -- that well exceeded Wall Street estimates.
Country is being looted in front of them and Americans.... go shopping!
A number of special factors also depressed July's sales results.
But we are RECOVERING!
Lean inventories left fewer clearance options for bargain hunters, as stores wanted to protect themselves from getting stuck with piles of leftovers.
That doesn't make sense!
If we are out there shopping and they have unloaded inventroy.... ??
Sigh!!
And NPD Group Inc. chief retail industry analyst Marshal Cohen fears that lean back-to-school inventories, particularly at department stores, could stall sales this fall -- if shoppers can't find what they want.
C'mon. Quit disrespecting us so much, MSM!! This is just patently offensive right now.
The shift of the sales-tax holidays from July to August in most of the 14 states that have them because of a late Labor Day weekend also stole momentum from July.
Yeah, except THEY JUST RAISED TAXES a WHOLE PILE here and there will BE NO HOLIDAY this year.
Therefore, I've quit buying everything except food and a Globe at Apu's.
Been nice knowing you these last two years, Apu.
Perkins and other analysts have also noted that the uptick in car buying spurred by the government's "cash-for-clunkers" program might siphon sales from other categories like clothing and home furnishings. That could hurt back-to-school shopping as consumers shift available cash to car payments.
Yeah, f*** the kid.
Related: Cash For Clunkers in the Breakdown Lane
That's where my paper cut it, and you know what?
July's decline marks the 11th consecutive monthly drop when excluding Wal-Mart results -- which had buoyed the industry in the spring before it stopped reporting monthly numbers.
They don't want you to know Wal-Mart is getting rich at your impoverishment, America -- as banks and war looters steal trillions.
One big factor has been job security. When the Labor Department releases its monthly jobs report Friday, economists expect it to show unemployment ticked up to 9.6 percent in July, close to its post-World War II high.
I'll bet it drops!!!
A report on unemployment claims released Thursday offered some evidence that layoffs are easing. The Labor Department said initial claims for jobless benefits dropped to a seasonally adjusted 550,000 for the week ending Aug. 1, down from an upwardly revised figure of 588,000 in the previous week.
That's why I NEVER BELIEVE GOVERNMENT or NEWSPAPERS ANYMORE!!!!
Always making revisions --which is a polite way of saying we LIED!!!!!!!!
Even among the discounters, shoppers still remain frugal when buying nonessentials, though there may be signs of easing.
Warehouse club operator Costco Wholesale Inc. reported Thursday that its same-store sales dropped 7 percent in July, pressured by lower gas prices and the stronger dollar. The retailer said some of its strongest categories were food, including deli, candy and frozen food. Target Corp., which has been stumbling because of its reliance on nonessentials like trendy jeans, posted a worse-than-expected 6.5 percent drop.
But the MALL WAS BUSTLING, according to the Globe!
Luxury retailer Nordstrom Inc.'s decline wasn't as steep as anticipated, suggesting that the stock market rally may be boosting affluent shoppers' confidence.
They never hurt through thi whole thing.
FLASHBACK:
Related: The Globe's Sales Pitch
Just another in the latest crop of Globe insults.
"For some shoppers, hike not so taxing" by Vivian Nereim, Globe Correspondent | August 6, 2009
NATICK - Massachusetts consumers have for weeks bemoaned the possibility of an increase in the state sales tax.
But this week, the first under the higher tax, it was hardly keeping them away from the malls, where blithe shoppers swung bags fat with purchases....
Pffft! So says the lying, agenda-pushing, s***ter!
“I didn’t think of it!’’ José Font said. “When you’re buying stuff, you’re so used to it.’’
So it has gone for many consumers across the state during the first week under the new sales tax rate of 6.25 percent, up from 5 percent.
Well, NOT ME!!! Pffft!
Political opponents of Governor Deval Patrick and Democratic lawmakers, who implemented the increase, were quick to decry the increase, warning of grave economic damage to the state and an exodus of shoppers to New Hampshire, which has no sales tax.
But interviews with dozens of Massachusetts residents on the Boston Common and at shopping centers in Natick, Braintree, and Dorchester this week suggest that many consumers - even those who vehemently oppose tax increases in the abstract - aren’t giving the change much thought at the cash register.
That's the way most shit-eating Bay-Staters do everything!
And the Globe will filter and censor the responses, you can bet on that!
Few said it would affect their spending habits. Some said it was too small to matter.
Then send the change my way!
UNREAL!!!!
Related: Tax Collections Tell the Truth
So far, it seems the rhetoric about the higher sales tax does not always conform with reality.
That's the NEWSPAPER saying that, huh?
The CHUTZPAH is SOMETHING ELSE, isn't it?
Beaming as she walked out of Belden Jewelers in Braintree with a new diamond ring, Frances Platten of Stoughton said she was not worried about the additional tax she had paid. She said she fell in love with the ring - “It’s so different, like a buckle,’’ she said - when she saw it gleaming in the display case. “I did a good buy,’’ she said. “I never pay full price for anything.’’
Many people said they were not paying attention to the tax - which does not apply to food not bought in restaurants and to individual items of clothing under $175 - because they had already cut back deeply.
I've had it with the insulting agenda-pushing, how about you?
Others said they were paying more attention to markdowns than sales tax. Sandra Gaither of Roxbury said she believes most people are hunting for sales anyway, which she said diminish the pain of higher taxes. “If the price is marked down to a reasonable price they can afford, the tax is incidental,’’ she said.
Gaither and a handful of other people said they believed the tax increase could lead to good things. “I think we need more taxes, so we have more services,’’ said Moshe Sagi of Needham.
What PROPAGANDA!!!
And WHAT a GOD-DAMN FOOL!!!
Governor Guts State ServicesPigs at the State Trough
A Slow Saturday Special: Statehouse Slush Fund
Biotech Giveaway Was Borrowed Money
Massachusetts Residents Taken For a Ride
Slow Saturday Special: Day at the Movies
How many times I gotta put 'em up?
Even some retailers said they did not expect to see business change that much.
See: Slow Saturday Special: Anti-Tax Op
“I don’t think it’s going to affect us that much, personally,’’ said Michael Wasserman, who manages a Lowe’s in Haverhill, near New Hampshire. He said that if customers had been willing to pay the former 5 percent gap between the two states’ sales taxes, this increase, which took effect Saturday, would not make a difference.
Then why all the bitchin' before it passsed?
Globe, you are such a bunch of f***ing lia..... oh, never mind!!!
“The extra 1 percent?’’ he said. “I don’t think it’s going to drive a new group of people across for the penny.’’
Penny on the dollar -- and ACTUALLY MORE THAN that!
Retailers who are worried include those who sell liquor; previously, there was no tax on alcohol.
Armen Derderian, who owns an A&B Package Store in Methuen, said he had already seen customers make the short drive across the border to New Hampshire. “I’ve had some people come in, and they go, ‘Ah, tax is tax,’ ’’ he said. “Other people go in and go, ‘I’m headed north.’ ’’
But the Globe didn't so it didn't happen, right?
Just rhetoric that doesn't match the reality!
Watch, next quarter they will lie to us and tells us collections increased!
Ultimately, though, said Michael Robertson, a construction worker from Melrose, people will continue to make the same hard choices they have made since the recession began.
“The sales tax doesn’t bother me’’ he said, loading items from Home Depot in Dorchester into his pickup truck. “I think there’s a lot of bigger issues right now.’’
Yeah, like ENDING the DAMN WARS, right?
Jess Granger of Salem considered the increase while he lounged on a couch at the South Shore Plaza in Braintree, taking a break from his job at Nordstrom. “It won’t affect my spending,’’ he said. The corridors around him continued to bustle while his break ticked away.
--more--"And I'm going to bustle my way right out of this shitpile piece from the Boston Globe!
Bye!
What you will find is this slop.... and I'm tired of eating MSM slop. YOU GET the POINT, world!!! This is what we are fed as news in New England!
"Layoffs show signs of slowing further" by Associated Press | August 7, 2009
WASHINGTON - In a positive sign for the economy, companies are laying off fewer workers as they prepare to ramp up production to replenish their depleted stockpiles of goods.
But STILL LAYING OFF, 'eh?
Many analysts pointed to yesterday’s drop in jobless claims as evidence of a trend, signaling fewer job losses in coming months - particularly compared with the flood of layoffs earlier this year. Still, openings remain scarce.
Could be, if, maybe, still, but, yet.... BAD WORDS for a REPORT according to what the state school writing instructors told me!!!!!
And most economists expect the US unemployment rate to keep rising to 10 percent or higher by the end of this year. The government reports the July unemployment rate today....
“.... the economy is turning the corner,’’ Joseph LaVorgna, chief US economist at Deutsche Bank, wrote in a note to clients. Many economists say the improvement may be evident when the unemployment report is issued today....
I noted it it on my paper before I came up here, I swear it to you, my dear readers :
"up; added jobs!"
Many companies have cut as many workers as they can while still maintaining an adequate output of goods, said Rob Saam, senior vice president of Lee Hecht Harrison, a consulting firm. In many cases, these companies have managed to boost productivity. But “you can only maintain that level of productivity for so long before you wear out your workforce,’’ Saam said.
Then GET a NEW SLAVE like Cicero said!
Related: Zale closes 118 stores
Ah, let's go get something to eat....
"Penny-pinchers boost Wendy’s/Arby’s" by Ben Klayman, Reuters | August 7, 2009
First we are "tight-fisted," now we are "penny-pinchers," huh, you insulting piece of MSM filth?
CHICAGO - Recession-weary consumers are turning more to fast-food restaurants to save money when eating out, and turning away from casual sit-down chains such as Chili’s Grill & Bar.
Of course, that's a good thing on the business side; on the news side, the agenda-pushing paper screams fatso at the kids!
Wendy’s/Arby’s Group, operator of the third-largest US fast-food chain, posted a quarterly profit yesterday and said July sales trends were improving, sending its shares up 8 percent.
One just reopened in town after about five years, and I still haven't gone there yet -- and won't.
Brinker International Inc., which in addition to Wendy’s/Arby’s owns On the Border and Maggiano’s Little Italy restaurants, reported a better-than-expected profit, but forecast 2010 results far below analysts’ estimates, sending its shares plummeting 16.9 percent.
Wendy’s/Arby’s noted improving trends in company-owned stores. The company, which competes with McDonald’s, Taco Bell, KFC, and Pizza Hut, said same-store sales in the second quarter fell 1.2 percent at Wendy’s and 5.8 percent at Arby’s. Yet in July, they rose 2 percent at Wendy’s and the drop at Arby’s shrank to 4.7 percent.
“An encouraging performance, especially when you consider the early commentary on July,’’ Telsey Advisory Group analyst Tom Forte said. “There was a lot of aggressive promotional activity in the marketplace,’’ Brinker CEO Doug Brooks said. “The guest is looking for value - more for less.’’
Oh, puke!
"Every table was set with a single fresh rose (from the rose gardens outside, I was told) and a full complement of three forks, two knives, and two spoons in silver plate..... The buffet tables could have graced a high-end ocean liner. I watched a gentleman in colorful African garb pile his plate with slices of roast sirloin and potatoes mashed with feta cheese. A post-retirement-age couple from the East Side scarfed up most of the egg rolls, though more came out quickly....
I made for the roast leg of lamb with rosemary sauce after I filled my salad plate with chilled asparagus and slices of a duck and pork terrine.... fresh tomato soup and bowls of pasta primavera.... The dessert buffet table practically groaned under a spread of apple and pumpkin pies, cheesecakes, tarts, half a dozen cheeses, sliced fruits, bowls of berries, and, off to one side, three urns of ice cream"
The focus on prices has especially hurt casual dining chains like those owned by Brinker and Darden Restaurants Inc , which in June offered a weaker-than-expected full-year profit forecast, analysts said. “Brinker is a case study on what calendar 2010 may look like for the casual dining chains if you don’t see a significant improvement in sales trends,’’ Forte said.
Without increased sales, casual dining companies will see earnings suffer as they move past the impact of aggressive cost-cutting done over the past year, he added.
But everything is on the move?
Update:
No sooner did I write it on my printed paper, than...
"Job losses slow to 247,000; jobless rate dips" by Jeannine Aversa, AP Economics Writer | August 7, 2009
WASHINGTON --Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months. It was a better-than-expected showing that offered a strong signal that the recession is finally ending....
How many fell off the rolls?
One of the reasons the rate went down, however, was because hundreds of thousands of people left the labor force. Fewer people, though, did report being unemployed....
HOWEVER!!!?? THOUGH!???
I'm done. You van read there lies. I'm not. Not anymore.
--more--
