I don't want to be Scrooge here (well, maybe I do) but personally, I think this is a positive development. People just don't need all the crap they buy!
Per Reuters this afternoon:
Shoppers spent less over Black Friday weekend
Sun Nov 29, 2009 4:53pm EST | By Nicole Maestri
SAN FRANCISCO (Reuters) - Consumers spent significantly less at the start of the holiday season this weekend, dimming hopes for a retail comeback that would help propel the economy early in 2010.
While shoppers turned out in force as early as Thanksgiving Day on Thursday, many said they had zeroed in on highly discounted items, would buy only what they needed and would walk out of a store if they did not find a good deal.
Consumers said they will have spent nearly 8 percent less on average, or about $343 per person, over the weekend that includes Thanksgiving, Black Friday and runs through Sunday, according to the NRF.
Shoppers interviewed across the country by Reuters over the weekend said they were lured by bargains, but would stick to pared-down budgets.
"If they don't have rebates and sales before Christmas, I don't think people are going to go back shopping after Black Friday," said Joel Wincowski, a higher education consultant shopping at a Best Buy store in Plattsburgh, New York. He bought an Xbox 360 game console for $299.
"We're going to cut back on everybody, even the kids."
As "drf" has advocated for years:
"Simplify your life" . . . .
(Cross-posted from Moved to Vancouver)