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  • January 20, 2008 at 1:21 PM #11568
    kaycee
    Participant

    I’ve been googling around trying to find out any info on lipstick sales. There is that idea that lipsticks are a contra-recession product. Historically as we slip into recession, sales of lipsticks go up.

    I was at the mall yesterday and it was PACKED. I actually couldn’t get into some stores they were so full. Game Stop and The Apple Store in particular. The lines at the stores that I went into were abnormally long. Especially at American Eagle, Williams Sonoma and Banana Republic. It certainly didn’t look like a recession to me. So I was wondering if all those people were buying cheaper goods? Or if they’re just spending their gift cards, thus not really adding any new money to the bottom line?

    Any one seen a figure or news article on this recently?

    Thanks,

    Kaycee

    January 20, 2008 at 1:37 PM #139443
    kewp
    Participant

    I seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.

    January 20, 2008 at 1:37 PM #139536
    kewp
    Participant

    I seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.

    January 20, 2008 at 1:37 PM #139492
    kewp
    Participant

    I seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.

    January 20, 2008 at 1:37 PM #139464
    kewp
    Participant

    I seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.

    January 20, 2008 at 1:37 PM #139229
    kewp
    Participant

    I seem to remember that, historically, entertainment products do well in recession/depressions. Lots of unemployed folks looking for a cheap way to pass the time.

    January 20, 2008 at 1:45 PM #139546
    Allan from Fallbrook
    Participant

    kaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.

    I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.

    January 20, 2008 at 1:45 PM #139453
    Allan from Fallbrook
    Participant

    kaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.

    I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.

    January 20, 2008 at 1:45 PM #139475
    Allan from Fallbrook
    Participant

    kaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.

    I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.

    January 20, 2008 at 1:45 PM #139240
    Allan from Fallbrook
    Participant

    kaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.

    I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.

    January 20, 2008 at 1:45 PM #139502
    Allan from Fallbrook
    Participant

    kaycee: According to an article in the WSJ this week, this is the worst period for retailers in five years.

    I was at North County Fair two weeks ago. Foot traffic seemed okay, but every single store we walked past had Clearance Sale or Final Sale or Going out of Business Sale signs in the windows.

    January 20, 2008 at 2:52 PM #139561
    TheBreeze
    Participant

    This brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.

    Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.

    January 20, 2008 at 2:52 PM #139255
    TheBreeze
    Participant

    This brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.

    Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.

    January 20, 2008 at 2:52 PM #139468
    TheBreeze
    Participant

    This brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.

    Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.

    January 20, 2008 at 2:52 PM #139490
    TheBreeze
    Participant

    This brings to mind kind of a related issue. How will all the peeps with real-estate related jobs show up in the unemployment figures? For instance, if a real estate agent hasn’t made a sale in 10 months or a mortgage broker hasn’t closed a deal since last summer, they won’t show up on the unemployment rolls with they? A lot of these folks may have already gotten second jobs that pay much less than what they were making during the boom. In that case, would they ever show up in the unemployment figures? I’m guessing not.

    Since this is a real-estate related downturn, I expect that the unemployment figures won’t give an accurate picture of this economic slowdown/recession. Instead, average income will likely provide a more accurate depiction.

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