The Good News Economist

Discount Retailers Thriving in Recession

Geezeo,

Thanks for this piece of good news.

The value chain of retail is indeed being reshuffled in the midst of this downturn. Although that might not be good news for luxury retailers, it does mean the US consumer returns to thrift and value instead of overpriced junk.

Said another way, we spend our money more on the intrinsic nature of the product. We have something more for our buck.

And from a "green" perspective, why do I need a Walmart, a Target, a Kmart, a Penny's, and a Sears, all distributing the same product within a block of each other?

Amazon had it's best Christmas ever.

These discount winners should take note.

GNE