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Saviolo

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Gender: Male
Hometown: Ottawa, Ontario
Home country: Canada
Current location: Toronto, Ontario
Member since: Wed Oct 29, 2008, 04:34 PM
Number of posts: 2,844

Journal Archives

Black Friday Revealed How Poor Americans Really Are

From Business Insider:

After weeks of declining gas prices, many analysts predicted the biggest holiday season ever. Industry groups like the National Retail Federation reasoned that Americans would use their fuel savings on gifts.

Despite encouraging forecasts, Black Friday weekend sales were down 11%. Cyber Monday sales rose 8%, falling short of many predictions.

So where are the customers?

They're probably broke, according to some analysts and executives.


It's almost like not paying people enough might have no positive effect on the overall economy afterall. Turns out that consumers are the real job creators. Who knew?! (oh right, lots of people)

Read the whole thing here: http://www.businessinsider.com/black-friday-revealed-how-poor-americans-really-are-2014-12#ixzz3KqD2cFZ7
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