Use Them or Lose Them…Part 2
I didn’t catch the entire story but apparently the email I received was a hoax…I am not sure if it was completely false but certainly misleading…Consumers are reminded to only buy gift cards from reputable vendors since there is really no recourse if a store goes bankrupt.
Hmmm…
Stores have started discounting earlier and slashing deeper than in past years. Special invitations to friends and family and preferred customers are being extended in hopes of getting you out to shop. Some stores are wooing shoppers with beverages and treats to make the shopping experience more pleasant but are consumers buying?
Many Canadians seem to have this view that we are immune to what is happening in the States- certainly what is happening worldwide. Except maybe Windsor (where the only businesses that seem to be doing well are strip clubs and casinos) or Oshawa.
Canada is not an island- we have a lot going for us but we are all part of the global village. Just look at where your clothes are made. Where does your food come from?
Unless you have so much money that a downturn will not affect you, being cautious is a prudent course of action. Tracking your costs (how is that going by the way?) will help you figure out what you are doing right and where you could be doing better.
And it is not too late to start.
AngryEgg 