As you might have heard, the economy sucks. Which means that the retail industry is going to be taking it up the ass come the Christmas shopping season, which officially starts a week from today. Apparently the electronics industry is the only sector poised to do well. Clothing and luxury in particular? Worse than not so much. [MSNBC]
I know we are cutting back. I've told my friends not to buy my kids anything and my we already do not buy anything for the in-laws, except my niece. Thank god my kids are 3 and 15 months, so we don't have to buy anything major. They are happy with books and small toys.