“There’s usually more layoffs right around Christmas every year. Wonder what this year holds for Americans? It’s very disheartening.”
After the holidays look for retail to implode with the marginal chains going under. (Sears/Kmart)
Retailers are holding on for Christmas but I would guess this will be the worst Christmas since the 1930s.
I wandered into a Sears the other night after eating next door at a Panera. It was so quiet you could hear the escalator 50 feet away. No Muzak, no customers, almost no employees. It was spooky and surreal. Racks and racks of marked down clothing no one wants.
I pass a KMart at night a few times a week and the parking lot is empty.