steward’s blog

In an interview on CNN, Marshall Cohen, chief industry analyst for the NPD group, said that when retailers give discounts of 50-60% they’re about breaking even.

50-60%???

And now they want a bailout because they’ve been making 50% profit on what they sell??

Maybe in this economic climate the government should give them the tax subsidy they’re looking for; but in return the retail czar (like the “car czar”) should make sure they make no more than 20% profit.  This will help consumers and the economy a whole lot more than guaranteeing their fat profit margins by spending Federal tax dollars.

This entry was posted on Saturday, December 27th, 2008 at 9:06 pm and is filed under activism, customer service, economics, economy, taxation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.