Chars Life and Times

Evidently the big sales that most stores hoped would save them this year didn’t happen this Christmas season. Stores are still reducing prices down to the very depths in order to get shoppers to come through their doors. 

More and more stores are filing for bankruptcy protection, some that even surprised me. I remember shopping for my son years ago at the KB Toy store in our mall. I thought it was the best toy store around. They filed for bankruptcy protection earlier this month. I was really shocked at that one, even though our local store closed in our mall many years ago.

Another surprise for me was Circuit City. When we finally got a Circuit City store to our city, I was ecstatic! However, Best Buy built within two blocks of our Circuit City store within two years which I am sure affected them. Circuit City filed for bankruptcy protection last month. They do plan to keep on operating. 

The bottom line is people are not spending any more than they have to. If they still have a job, they are afraid of losing it and if they have already lost their job, they don’t have any money to spend for luxury items anymore.