Comments Off November 9th, 2008

Yes, Virginia, There Is a Recession (BusinessWeek Online)


BusinessWeek Online – For a glimpse of shopping trends this holiday season, consider Deborah Niemann-Boehle. The Joliet (Ill.) teacher says she “used to be one of those parents who spent $1,000 at Christmas and had presents sticking out from under the tree for a couple of feet in every direction.” This year, instead of getting Xboxes (NasdaqGS:MSFT – News) or iPods (NasdaqGS:AAPL – News), her three teens will receive clothes from Kohl’s or J.C.Penney . She’s crocheting hats and mittens and making goat milk soap for everyone else.

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