Consumers Markets Need Debt Relief Soon
Hard-Hit Markets Feeling the Sting
Consumers need to find debt relief, but some people coming out of the hardest-hit industries may be the most desperate for it. Industries like auto, financial services, retail and mortgage were particularly damaged due to the recession. Although many job markets are showing nascent signs of [...]
After Strong Year, Wal-Mart Hands out Bonuses
No economic hardship here
While the Senate haggles over a bill regarding a bonus tax, Wal-Mart is celebrating a profitable year by giving all of its employees bonuses.
The bonus tax bill would only affect companies that get bailout money. Wal-mart is far from needing a bailout. While other retailers lost sales [...]
An inconvenient time for a recession
Why is there a recession now when everything looked so good?
Things were going great. So great in fact that the steel processing plant in our town decided to upgrade and moved to a new location in another town. They left behind a beautiful piece of land right on the edge [...]
Last Six Virgin Megastores to Shut Down
Music retail takes a hit
After years of competing with online music downloads and months of struggling with the recession, the final six Virgin Megastores in the United States will shut their doors.
The chain of stores got its branding from billionaire Richard Branson, who participated in many of the splashy stunts [...]
U.S. Retail Sales Rise | Payday Loans and Spending Increase
Payday loans more popular
More people are discovering payday loans can help in tough economic times. As more consumers from different demographics are exercising their financial options, the retail market took an unexpected turn in January.
Sliding sales pattern broken
For the first time in six months, the downward spiral that has been [...]
Shopping Without a Payday Loan is the New Black
Holiday and post-holiday sales have offered such deep discounts that shoppers didn’t even have to think about getting a payday loan to afford designer jeans and high-end shoes. Consumers have gotten used to seeing “75 percent off” signs, and some retailers fear there will be no going back.
J. Crew is [...]
Shopping | Who Needs Payday Loans and Who’s Making Extra Cash
Most retailers reported dismal holiday sales, but there is one sector of the shopping world that’s pulling in extra cash, even without payday loans. Discount retailers are benefiting from cash-strapped shoppers seeking bargains.
Secondhand stores like the Salvation Army are pulling in more customers during the recession.
Hand-me-down sales go up
Secondhand stores [...]
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