A report from Toby Smith's ChangeWave website says that consumer spending on electronics like iPods, cameras, and such, will slow in the next 90 days, 3% less than this past February. Consumers are avoiding the typical places to buy stuff at places like JC Penny and Sears, and flocking instead to big discount stores like Costco and Walmart. Good thing iPods are sold there too!
It's interesting, this trend has been developing over the past year and a half. But Apple seems to be impervious to this as people are still packing their retail stores. And product is flying off the shelves.
I guess after visiting the warehouse dinginess of a Costco, or the "consumer friendliness" of a Walmart, you need a spiritual uplift, so why not go to your friendly neighborhood Apple Store. Don't get me wrong, my wife and I frequent both these establishments, and take advantage of the values they present, but there's truth in the characterizations.
Oh, and bring your tax rebate check.
-zach bass
Thursday, April 17, 2008
Consumers Choosing Big Box Retailers to Curb Spending
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