Retail Sales Up 1% In Jan
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Think we'll need this:
BOGO, an acronym in the retail industry that stands for Buy One Get One. For example, you could say "Buy 1 DVD, Get 1 FREE!"
Seriously, throw those VHS tapes away, or put them on Craigslist/Ebay for free + shipping.
You gotta love this: Sales "rebounded" the article says! REBOUNDED!
Up 1% from the most recent month in a six-month consecutive slide is hardly rebounding... look at that graph in the article...
Inigo Montoya voice: "This word rebounding, I do not think it means what you think it means..."
Yay for some good news for a change! Scooter over there is happy dog.
What kind of analyst would look at the chart in the article and see something positive? Up 1% from a low point last month -- looks to be down double digits from a year ago...
Retail isn't trying hard enough to offer deals for what I see. Particularly items like cars -- I want a serious deal, no gimmicks
Sales rebound, and on news of this, the stock market tanked this AM.
Profit FTW?
@Hoss: What kind of analyst would look at the chart in the article and see something positive?
The kind of analyst who wants to keep us all from sticking our collective heads in the oven?
Damn! I'm old, I remember when VHS movies were $160.00 in 1982, yep, one hundred and sixty dollars for a VHS tape!
And also, from $1.99 to 10 cents is not 95% off. ;)
@jeblis:
I donated my VHS library to the Public library. They were happy to get them, and it's better than just throwing them away. I had some really good movies too. It was about 300 VHS tapes that cost me a pretty DOLLAR not a penny.
@albear: Wasn't ET one of the first VHS tapes to be sold at $19.99? I remember how back then the VHS tapes had two pricing structures, one way expensive to sell to video rental places, and some tapes were sold around $20 to consumers.
@Ingram81: A single good month is not indicative of a trend, the market tanked because of the bleakness of the current outlooks for the next several quarters.
@redskull: All it tells me is the after christmas sales this year were better than past years in terms of discounts.
@LastAndLeast: Freezing to death or petro-chemical fumes. Pick your poison. Ill risk the long term lung damage for the short term death option.
@dragonfire81: I realize that, but I hate seeing my Google Finance tracker go red, so I must bitch about it.
Why so bleak, I mean Obama is in office and will fix every problem we have had forced upon us by the evil GWB. Right guys? Right?
In other news more companies are laying people off, the government is spending money like it grows on trees, people are loosing their houses to foreclosure, and the stock market looks like somebody smashed it with a hammer, on top of all that the rest of the world is looking about the same.
Congrats to everybody who bought excesses during one of our worst financial climates and causing a growth of 1%.
If that doesn't prove people are fiscally irresponsible I don't know what does.
@albear:
OK, my maths are wrong. Thanks MBZ32190 and Joshua70448.
I admit I was wrong here, thanks, but after all, MAth has always killed the hell out of me. Still, that's no excuse.
Who are these people who have extra money lying around? I felt guilty about buying a shirt 70% off today for $7.
@B: Yep, they called the "low" $20 pricing "sell through." And I believe you're right about E.T.
I had a friend who went to a video store circa 1984 and special ordered a Who concert tape, and paid about $90 for it.
Anyone else notice how many BOGO sales, such as Payless shoes, should actually be called BOGOHO as in: Buy One, Get One Half Off. Liars, every one of them.
@Ingram81: Just wear all of your sweaters. Those embarrassing ones grandma gives you that are three sizes too big? Wear those as outer layers.
The Increase was due to mass purchases of MREs, Canned food and Shotgun Shell Sales.
@pecan pi: Obviously. Can't you just play along with the post-apocalyptic winter story? Sheesh. It's like you've never watched The Day After Tomorrow. I suggest you watch it the day after tomorrow.
I heard a report on WTOP today that condom sales are up 6%...apparently more people are staying in and getting their freak on rather than going out.
I still wouldn't pay $.10 for a VHS tape. They'd have to pay me to take them away.
@theblackdog: People smarten up in downturns, realizing kids cost money. That is, except for the octuplet-breeding mama with no sense
@Hoss:
I know I did more shipping in January. However, I wouldn't even look at anything unless it was 75% off. I spent money because I was getting stupid deals. I was paying way less than wholesale cost. I don't think that helped the stores that much.
@Skankingmike: argh, it's LOSING! not loosing!
Sorry, just annoys me SO MUCH and so many people spell it wrong nowadays.
@Jenkinsbball: If you have a VCR, and it's a movie you wouldn't mind watching, why not for 10 cents? Some people have low budgets and a machine sitting around anyway, better than renting it.
@Ecks:
Maybe so, but still, I moved away from it like a decade ago. I suppose I'm spoiled by my ps3+67"dlp. Meh.
@Jenkinsbball: I understand the image quality difference, but there are enough people out there that don't care about that. There are people out there without a DVD player still! lol
@B: Yeah, I think the rental store version came out earlier and was more robust, though, making it more valuable for the store.
@Ecks: Y'know, my mom still has a Sony 8-track component system in her basement. She's devoid of 8-tracks (thank God), but the tuner and turntable still work! LOL! I remember cranking that baby up when I would get home from school and singing along with Minnie Riperton's 8-track. Man, I'm old!
Sweet! Recession OVER!
This is because after not buying anything for months, households like mine finally ran out of shampoo and TP and had to buy something.
![[oil-price.net]](http://oil-price.net/pics/WeimarInflation.jpg){kind=link}
Well there you go, everything's back to normal. Cancel the stimulus plan and go about our business. Nothing to see here, move along. That's right, take care. Off you go. Have a safe trip home...