Success only runs one direction....
Reminder: Tomorrow night is the free RS:Live! conference call focused on credit cards, credit lines, and other financial concerns. Richard Bodin, owner of Hudson Home, has generously offered to share his wisdom after years of working in the Financial Services division of Citibank. The flow of conversation will be open for all participants so we can discuss questions, concerns, and solutions.
Conference call details: [click here to continue…]
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From CBS News:
Consumer spending drives 70% of the economy. When consumers put their wallets away, the economy has trouble making a U-turn.
[According to Jay Bryson, Global Economist, Wachovia Corp.], “If people just continue to clamp down and keep it clamped down for a long period of time, then it’s going to be more difficult to gain traction in terms of the recovery.”
And that recovery, when it finally comes, will be significantly weaker because Americans are saving more.
Did you hear that, Oprah? Seventy percent of our economy. Saving in the extreme is not a responsible solution.
Related links:
Save the economy three stores at a time
Seth Godin mentions The 3/50 Project
CNBC host Erin Burnett reminds us the battle is about more than just money
Enough with the carnage
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Yesterday afternoon, a friend called, asking if I was near a television. “You’d better see this” was all the explanation she gave when telling me to turn on Oprah.
Having now watched the program, I’m almost as speechless.
Almost. But not entirely. Once I get started on her latest wide-sweeping suggestion, it might be hard to shut me down, so buckle in folks. I’m up on my soapbox, and I’m ticked off. [click here to continue…]
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Yesterday, I was perusing the sky-high stack of articles and web posts that have been pushed to the side of my desk the past ten days. It’s been a crazy-busy week and a half, as numerous retailer clients and I have been working through their concerns.
During one of those conversations, someone pointed out to me I’m not really a consultant. I’m a therapist-—an observation also voiced by customers during my storefront days. I took it as a complement, but it got my wheels spinning. No particular direction. Just spinning. [click here to continue…]
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