The Chronic Consumer

The slumping economy is having a mixed effect on sales for U.S. retailers. I read a Reuters article published last week saying that retailers posted a 1.9 percent gain overall, but those that target budget-minded shoppers tended to do better than purveyors of luxury goods.

So Wal-Mart and Costco did well, but retailers like Nordstrom posted losses for February.

Well, this shouldn’t come as any surprise, especially to those of us who shop a lot. When times are tough, we tighten our belts and hit Wal-Mart or Target. When things are going well, we can splurge on more expensive items.

It ain’t rocket science, you know! I just can’t believe that news organizations find this information to be… news.