LA Times – housing downturn mulitpier effect

[jficquette]

[quote=cooprider]Could be anything really – a closeout, a coupon, stimulus checks being spent, people buying TV’s instead of going on vacation.

The other question is what is happening at Best Buy where people would otherwise be buying this stuff?

Anyone been there lately?[/quote]

Yes, I was in there last week. It was slow. I am going there in the next couple days to buy a computer monitor. I will check it out.

John

[zzz]

Costco sales are up when other retailers are struggling.

http://money.cnn.com/2008/09/04/news/companies/same_store_sales/?postversion=2008090411

http://www.bloomberg.com/apps/news?pid=20601213&sid=aKmzcFa4p1cQ&refer=home

That said, I think “pockets” of SD are suffering while wealthy coastal areas definitely are not. I was in Encinitas recently on a Tues night and went to an average restaurant that had a 40min wait. The upscale Otay Mesa shopping center wasn’t very busy, but still had quite a few shoppers- who knows if they are buying and I’d never been there before so can’t say if its ever packed. The restaurants were packed with people eating out.

[zzz]

Costco sales are up when other retailers are struggling.

http://money.cnn.com/2008/09/04/news/companies/same_store_sales/?postversion=2008090411

http://www.bloomberg.com/apps/news?pid=20601213&sid=aKmzcFa4p1cQ&refer=home

That said, I think “pockets” of SD are suffering while wealthy coastal areas definitely are not. I was in Encinitas recently on a Tues night and went to an average restaurant that had a 40min wait. The upscale Otay Mesa shopping center wasn’t very busy, but still had quite a few shoppers- who knows if they are buying and I’d never been there before so can’t say if its ever packed. The restaurants were packed with people eating out.

[zzz]

Costco sales are up when other retailers are struggling.

http://money.cnn.com/2008/09/04/news/companies/same_store_sales/?postversion=2008090411

http://www.bloomberg.com/apps/news?pid=20601213&sid=aKmzcFa4p1cQ&refer=home

That said, I think “pockets” of SD are suffering while wealthy coastal areas definitely are not. I was in Encinitas recently on a Tues night and went to an average restaurant that had a 40min wait. The upscale Otay Mesa shopping center wasn’t very busy, but still had quite a few shoppers- who knows if they are buying and I’d never been there before so can’t say if its ever packed. The restaurants were packed with people eating out.

[zzz]

Costco sales are up when other retailers are struggling.

http://money.cnn.com/2008/09/04/news/companies/same_store_sales/?postversion=2008090411

http://www.bloomberg.com/apps/news?pid=20601213&sid=aKmzcFa4p1cQ&refer=home

That said, I think “pockets” of SD are suffering while wealthy coastal areas definitely are not. I was in Encinitas recently on a Tues night and went to an average restaurant that had a 40min wait. The upscale Otay Mesa shopping center wasn’t very busy, but still had quite a few shoppers- who knows if they are buying and I’d never been there before so can’t say if its ever packed. The restaurants were packed with people eating out.

[zzz]

Costco sales are up when other retailers are struggling.

http://money.cnn.com/2008/09/04/news/companies/same_store_sales/?postversion=2008090411

http://www.bloomberg.com/apps/news?pid=20601213&sid=aKmzcFa4p1cQ&refer=home

That said, I think “pockets” of SD are suffering while wealthy coastal areas definitely are not. I was in Encinitas recently on a Tues night and went to an average restaurant that had a 40min wait. The upscale Otay Mesa shopping center wasn’t very busy, but still had quite a few shoppers- who knows if they are buying and I’d never been there before so can’t say if its ever packed. The restaurants were packed with people eating out.

[Author]

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