Retail Sales Increase of Not Much Encouragement

13 Feb

In this current state of severe recession it would seem that quite literally NO ONE would be out shopping in a mall buying clothing and such items, which some might consider superfluous in nature. Much to my surprise however, archived there in the economy section of The New York Times was a ray of hope…the title read Retail Sales Up 1 Percent in January. I was elated!!! So this isn’t the end of retail shopping as a hobby, what a relief.  In fact, according to Jack Healy, after six strenuous months of continually declining sales, January finally offered a whole 1% increase at retail. Compared to the double digit declines in such respected retailers as Nordstrom, Neiman Marcus, and even Saks, this  increase is still a feeble reconcile with growing uncertainty surrounding the economy in coming months. Even rock solid Wal Mart is looking at substantial percentage decreases, which brings me to the conclusion that not only are people shopping smarter they are simply not shopping period.  

In times of depression I find that retail therapy is perhaps the best antidote, however given the state of the economy this hardly seems a fitting cure, even for a fashionista. This can only mean one thing…it is indeed time to get creative with our wardrobes!

Any ideas??? Share em with me…

Keep your heads up my fellow fashion addicts!

XoXo cpFashionista


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