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The Consumer Economy Has Completely Collapsed – “It’s a Ghost Town” for Holiday Shopping Everywhere

November 26, 2022 | Sundance |

“Crowds? I see nothing. I’m surprised,” retail worker Jeremy Pritchett told FOX 2. “Normally, it’s wrapped all the way around the building. Today: no one.”

That’s the typical ground report from areas all over the country. No one, literally almost no one, is doing any holiday shopping and the traditional Black Friday rush to get deals and discounts just didn’t happen. Financial media are scratching their puzzlers, perplexed with furrowed brows.

Interestingly, almost every financial media outlet is using the same Retail Federation talking point about anticipating an 8% increase in holiday sales this year. Apparently, pretenses must be maintained. Meanwhile, news crews and camera crews are having a desperate time finding any holiday shopping to use as background footage for the claims that sales are strong.

“Look, over there. There’s a person buying something. Oh, wait, no, that’s just an employee dusting the empty cash register.” At a certain point, one would have to believe reality would run head-first into the mass delusional pretending. Maybe this holiday season will be it, maybe not.

It’s almost Kafkaesque to see how the media are continuing to maintain economic pretenses, yet the reality of a completely collapsed consumer economy is physically staring them in the face.

More here.
https://theconservativetreehouse.co...st-town-for-holiday-shopping-everywhere/


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Everyone is doing it online, a record $9.12 billion was spent on BF online.

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Or it’s a hard candy Christmas


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It's a "got no money left to spend because of inflation" Christmas.

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Black Friday sales traffic up 2.9% as shoppers return to stores and malls.

Forbes

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Amazon got me for 147
Bucks but I targeted that i.. win ...


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I heard the projected sales will match last year’s record sales.

It was during th civil war……how bout dem beavers?


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Black Friday is now all week long.

The days of camping out all night at Bestbuy are gone.


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I know my little town was hopping on Friday, in went to Dunham's, and bought some ammo.


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Originally Posted by BigDave39355
Black Friday is now all week long.

The days of camping out all night at Bestbuy are gone.

Are you saying you'd rather compare prices from twelve different vendors, click your mouse twice, and have it delivered to your door for free?

No way.



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That report is Bullshidt! It took us three HOURS to get out of a mall parking lot near Tampa. Police had a drone up to help figure out a way to unclog the traffic. It looked like Woodstock in a Parking Lot! Pot parties broke out, people left the cars to go back and pee or shop more. We just stopped to get some chicken and were stuck there.

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What kinda chicken?


Dave

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Originally Posted by smokepole
Originally Posted by BigDave39355
Black Friday is now all week long.

The days of camping out all night at Bestbuy are gone.

Are you saying you'd rather compare prices from twelve different vendors, click your mouse twice, and have it delivered to your door for free?

No way.


You miss out on the people watching though….

#soccermoms
#yogapants


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Originally Posted by Ghostinthemachine
Everyone is doing it online, a record $9.12 billion was spent on BF online.
Actually I should probably correct myself here,,schit costs so much more, less goods were bought with that $9.12 billion. So, probably not a record.

But people just don't go to stores much anymore.

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I didn’t buy a damn thing

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Originally Posted by Plumdog
That report is Bullshidt! It took us three HOURS to get out of a mall parking lot near Tampa. Police had a drone up to help figure out a way to unclog the traffic. It looked like Woodstock in a Parking Lot! Pot parties broke out, people left the cars to go back and pee or shop more. We just stopped to get some chicken and were stuck there.

Just because it was like that in one place doesn’t mean it was like that everywhere.
I did most of my Christmas shopping with a few clicks and in a few days there should be a truck show up at the house and put a couple boxes on the front porch.

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Originally Posted by Ghostinthemachine
Everyone is doing it online, a record $9.12 billion was spent on BF online.

No, goddammit, the sky is falling.

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Originally Posted by Phillip_Nesmith
It's a "got no money left to spend because of inflation" Christmas.

Nailed it


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The busiest shopping day of the year is not as busy as retailers hoped.

Across the U.S., shopping malls are seeing only thin crowds, according to reports in business media. Inflation and depressed consumer sentiment appear to have dampened the holiday shopping spirit.

Reuters reported:

At Times Square in New York City, which was cloudy with occasional light rain, employees were seen waiting inside stores for crowds that so far had not arrived.

Outside the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A ToysRUS employee was seen walking around the mall handing out flyers with a list of the Black Friday door busters.

Bloomberg reported:

Around 10:30am at Crossgates Mall in Albany, New York, the ultra low-cost brands and the higher-end buzzy retailers had the most foot traffic, while the middle-market stores were desolate.

Gap Inc.-owned Old Navy, which was offering 60% off most items, had a line so long that some shoppers turned around as soon as they entered the store. Athleisure favorite Lululemon Inc., which had only a few racks of discounted merchandise, and American Eagle Outfitters Inc.-owned Aerie, a popular intimates brand among Gen Z shoppers, also drew big crowds.

Meanwhile, stores like Banana Republic, Macy’s and Urban Outfitters had no lines at all, and only a handful of shoppers.

Overall, the National Retail Federation has forecast that retail sales will be up six to eight percent this year compared with last year. That is a big slowdown from last year’s 13.5 percent increase and the 9.3 percent rise in 2020. After adjusting for inflation, sales may actually be down. The Consumer Price Index is up 7.7 percent compared with a year ago.

November saw a significant decline in consumer sentiment, according to the University of Michigan’s survey. The index of consumer sentiment fell five percent below the October reading, reversing about one-third of the gain since the historic low in June. The gauge of current conditions dropped by 10.4 percent.

The consumer discretionary sector was flat for the day. It is down 33.53 percent from a year ago, making it the second worst-performing of the 11 sectors of the S&P 500. The worst is the tech and entertainment heavy sector called communication services.

Even in the U.K., Black Friday proved to be a disappointment. “Black Friday got off to a muted start in the UK, with the number of home deliveries booked down by about 5% and no surge on the high street,” the Guardian reported.

https://www.breitbart.com/economy/2...ppoints-thin-crowds-and-desolate-stores/


Give a man a fish and he eats for a day. Give a man a welfare check, a forty ounce malt liquor, a crack pipe, an Obama phone, free health insurance. and some Air Jordan's and he votes Democrat for a lifetime.
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Biden got 80,000,000 votes.

Trust the news and believe what they say.

Who really cares what happened on Black Friday?


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