Nordstrom down 15%, Sharper Image out of business, jewelry stores folding up. Do you see the common theme? A down economy hits the high end retailer with greater force. Did you ever really think that you would see Starbuck’s with such dismal sales? No one forecasted or expected such a sharp downturn in the economy.
As layoffs mount and countless companies go out of business things will continue to get worse as time goes on. Many retailers will hold on through the holiday season. The last hurrah so to speak, but you will see many name brand companies go out of business before the first quarter of 2009 is over.
But there is a bright side, Wal-Mart, Target and other mid-level to discount retailers are seeing record profits. Why you might ask? Because these retailers can accommodate all customer demographics. When cash is tight you may not see these folks at Nordstrom but you will definitely see them shopping somewhere.
Is the brand name the necessity or just keeping some remaining cash in your wallet? Look at the numbers above for your answer, as everyone becomes a conservative. Why buy an original cartridge from the manufacturer when you can save an average of 35% from a refiller? Few places can offer such a discount, but the average business both large and small are taking a serious look at things. As the cost of business is going up as well as the average business tax per our new President elect, you will see business increase for companies such as Cartridge World.