I have been doing the shopping thing this weekend.
I was in Borders yesterday. 35 minute line to pay. Literally 100 people in line.
Lots of shoppers doesn’t necessarily mean high sales and profit. With lower prices and smaller loads, sales may still suffer.
Long lines can also mean lots of shoppers, or not enough staff so be careful drawing conclusions.
Parking at UTC on Sat. was remarkable. Truly full. I went on top of the garage near the food court and found a couple spots.
I bought lobster at Costco today $20/lb for tails. Seemed cheap.
This recession is odd. The numbers are terrible, but life seems the same. Maybe it is a great shakeout. While some are in good shape, many are not. There seems to be disparity everywhere. Best Buy doing well. Circuit City going bankrupt. Some real estate markets tanking. Others holding strong.