So I posted this earlier in the shortages thread, but think it might be an interesting thread all it's own.
Not sure where else to put this so will set it here:
We have a client who has a local sub shop. He's always seemed to do well even through other "rough times" wink wink.
He was just in and said things were pretty steady through Dec. and into the first week of Jan. but in the past two weeks sales have dropped off 50%.
To me this tells me folks are beginning to get their credit card statements and don't have the extra $$$.
In addition, yesterday at HD, the front isle of the store where there are usually specials and the stuff they think you will buy on a whim - yeah, that isle - completely clear.
We could have had a cart race along there. I've never seen that before.
Also, we work with many contractors and construction supply type companies: all are expressing a significant slow-down. One contractor who several months ago was so busy he was unable to take on more jobs stopped by and stated he had no jobs currently. All caught up and nothing new coming in. This is someone who has been in business for many years and is an honest individual so not like a new or shady business. I have no doubt he will have another job lined up shortly but . . .
Curious what others are seeing.
Not sure where else to put this so will set it here:
We have a client who has a local sub shop. He's always seemed to do well even through other "rough times" wink wink.
He was just in and said things were pretty steady through Dec. and into the first week of Jan. but in the past two weeks sales have dropped off 50%.
To me this tells me folks are beginning to get their credit card statements and don't have the extra $$$.
In addition, yesterday at HD, the front isle of the store where there are usually specials and the stuff they think you will buy on a whim - yeah, that isle - completely clear.
We could have had a cart race along there. I've never seen that before.
Also, we work with many contractors and construction supply type companies: all are expressing a significant slow-down. One contractor who several months ago was so busy he was unable to take on more jobs stopped by and stated he had no jobs currently. All caught up and nothing new coming in. This is someone who has been in business for many years and is an honest individual so not like a new or shady business. I have no doubt he will have another job lined up shortly but . . .
Curious what others are seeing.
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