That's what my lady and I said when we watched the news tonight. I figure it is the retailers crying a big boo-hoo in preparation for requesting their bailout. "But we employ millions of people in every community in America! If we laid them off, we'd have to cut business hours, and that would make it tough on consumers trying to restart the economy!"
Hey, it works for Detroit...
Considering most retailers bottom line is about 2-5% of sales, an 8% drop would wipe most out. When you factor in store expansions and inflation (of around 4-5%), that is a very, very bad #. I take it you’ve never worked in retail before?