This is exactly what I mean...
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Found this article while browsing the fool-em, but it was extremely hidden and is only an hour old! This should be a priority article on their page IMO. Confidence drives the market. If we want things to get better, we need confidence...it just doesn't make sense to me...it's almost like the media works against us/itself.
http://www.inforum.com/event/article/id/230796/group/home/
Incase the link is weird(sent one earlier and asked to log in), it is about national retail sales being up a full 1% in January, largest increase in 14 months. December was down 2.7%, weakest holiday season since 1969. They have declined for 6 months straight, and were expected to drop another 0.8% in January.
Personally, thats pretty decent news. It's obviously not a fix, but it's not going to be one thing or event to fix it overnight, but some consumer hearing that will pass it on to someone else, etc.
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Joel;260296 wrote:
At my work, Later December and Early January were very hard times. They couldnt afford to staff anyone, etc. So Far in Febuary, We've hit 80 percent of our sales plans through out the store, which is WAY better than what our store projected.Which is weird because Home Depot as a company has let go of over 7,000 people, and closing stores left and right...
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DelSlow;260298 wrote:
Which is weird because Home Depot as a company has let go of over 7,000 people, and closing stores left and right...
LOL. Get your facts straight. Do some research, then talk.
They closed all of the EXPO stores, which are not even really Home depot stores. They are high-end stores that never made the company money anyways. In Hard economic times the "Orange box" stores cannot support themselves, and another company. They haven't, nor plan to, close 1 regular "Orange Box". They froze the CEO's pay raise schedule, Slowed down the Store Manager and District Managers Pay raises, and didn't change anything about 99 percent of the stores employees.So where are they closing Home Depots left and right?
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http://seattletimes.nwsource.com/html/businesstechnology/2008674707_layoffs27.html
They must not know that its not 'Home Depot'
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DelSlow;260300 wrote:
http://seattletimes.nwsource.com/html/businesstechnology/2008674707_layoffs27.htmlThey must not know that its not 'Home Depot'
Home Depot, the Company, owns it. So yes, Home Depot laid people off. U should see their compensation package... 4 months 100 percent of wages. -
zbrown;260301 wrote:
Praise the Messiah.... it all thanks to himThe slight bounce in the consumer confidence...hate to break it to you, but it probably is. Whether it is justified or not is another story.
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Maybe weaker profit margins didn't do anything for bottom line growth?
Bp-08;260311 wrote:
wait so me getting laid off along with the other 90% of my co-workers getting laid off, is a sign of the economy getting better?One month of 1% revenue growth isn't going to bring any unemployed people back to the workforce.
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I work at Hebron which obviously has to do with the building/housing market for the most part and we are always slow during the winter however this was by far the slowest yet.... They even stopped matching our 401k til 2010... But the President of the company also told me they are expecting it to pick back up as early as spring of 2010.
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