– The True State Of The US Consumer: All Six Retail Companies Reporting April Comp Sales Missed
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The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
Before we left the States over two years ago it became obvious the big clothing retailers were like ghost shops.
It’s amazing how creative accounting keeps the mirage of a healthy economy bubbling along, when even poor Joe can see it’s lies.
http://wolfstreet.com/2016/05/17/mall-owners-reit-feel-pain-of-brick-mortar-retailers/