Today is Black Friday. Let's see what happens. Retailers will try and put a unavoidable spin on things no matter how bad it in fact is, to lure shoppers in, manufacture them feel comfortable spending money they cannot afford to spend or do not want spend. But even if sales are stronger than expected, one weekend does not make a season or a year. Worse reasoning is believing strong sales mean strong profits if everyone is buying deep discounts and loss leaders.
Here are the issues. Many retailers could not raise the capital required to buy what they need for this season as credit has vaporized. Many retailers have resorted to using their credit cards with outrageous interest rates which suck up profits if not paid back quickly. In fact more credit cards have reduced ceilings and cannot maintain your needs anyways.
Sba Loan
People are no longer buying as much junk as previously, capability and a good deal is what is required.
