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Could be a trend too. I think I heard on CNN a week or so ago, that WalMart
reported the largest single month sales decline in 20 years or so. Our business is level which, considering the addition of three major, government-funded hotels in our market, we consider a "victory". Of course, this comes after four years of double-digit growth, so suddenly going flat "feels" like losing... I think gas prices are really, really hurting the "common man". I've got housekeepers and desk staff who have seen a HUGE increase in their driving expense, with no compensating increase in wages. This shortfall has to be made up somewhere -- so I suspect we're seeing Wal- Mart (and other stores) get hit by the back wash. IMHO, the big-box restaurant chains ("Applebees" and such) will get hit the worst in an economic downturn. That's where a lot of discretionary American income gets ****ed away nowadays, and it'll be the first thing eliminated. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
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