Recession and Vacations.....

I have written in the past also how recession is affecting vacations, not to the point of people not ready to spend, but because people are afraid of facing pink slips. Though that was totally my point of view, now it seems, it if seriously affecting a  broad spectrum of people.

Outings, shopping, everything is on a fall nowadays. The malls which normally are fully lit and colourful....have reduced jazz as they are trying to cope up badly with the falling sales. I have had an opportunity to visit two big malls, and was surprised to see such a low foot fall on Sunday. Infact one of the shops has partitioned its premise into half and shut down the other half. I wouldnt be typing this without seeing it myself. But now people are coming out in the open and admitting drastic fall in sales.

But one mistake most shopkeepers are doing is increase the cost of the product to cover up the fall in the turnover, and cover the profits. This is a very wrong thing to do. Ok agreed that your volumes are down, but by increasing the prices of your items and trying to cover up for the fall in profits is certainly a very wrong thing to do. What one is doing is losing out not only on a regular customer, who is aware of your rates, but also on a prospective new customer.

So finally do I agree to the fact that we are in recession????? Our Government doesnt agree so. Hope they are right and hope the same government presents the years balance sheet and confirming that their targets have been met. Otherwise.....Lord save the common man......