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Retail in a Recession
By Laura Knoy on Thursday, December 11, 2008.
The holidays are usually a boom time for the nation’s store owners, but with the economy in decline, the retail industry presents a mixed bag this year. Some stores are doing quite well, others are not…and many are lowering prices and marketing aggressively. We’ll look at the state of retail in New Hampshire.
Guests
- Nancy Kyle, president and CEO of the Retail Merchants Association of New Hampshire
- Denis Paiste, business reporter for the New Hampshire Union Leader and Sunday News
- David Darman, business reporter for New Hampshire Public Radio
We'll also hear from
- Tony Sicurella, manager of J.C. Penney in Salem
- Donna Goodrich, co-owner of Top Furniture in Gorham
- David Souter, owner of Barron's Major Brands
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Here's one more factor impacting purchasing power. In past year, I may have spent more than intended by using credit cards. I have an excellent credit rating, but I'm one of thousands of Chase customers who were notified that our minimum payments were increasing by 250% in January. I put away the credit card and will only shop with cash.