Honest opinions about how to buy Appliances and Lighting.

Saturday, October 18, 2008

Danger Will Robinson

One not so small piece of advice:

As consumer spending slows, more stores will be fighting for a decreasing amount of revenue. There will be losers. Do not leave a deposit with a store unless you are sure of its viability:

Some Signs of possible financial problems:

1. Crumbling/poor or empty displays.
2. Recent bad reviews on social media
3. Non existant sales help
4. Long lead times on in stock product

This could be tell tale signs of not having available cash to reinvest back into the business. It could also mean credit hold from vendors.

In a Chapter 7/11 scenario, everyone loses including the consumer....so be very careful

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