Analysis: Retail's summer of discontent

Claremont and Dumbleyung do not have much in common, except in a drought, which for the wheat-belt town is when shops shut because it hasn’t rained, and in ritzy Claremont it’s when shops shut because there is a retail drought, such as now.


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Claremont, Dumbleyung, doesn't matter where. People have closed their wallets, including me. We've been given bad news after bad and any fool who is coerced into spending on anything other than the most basic essentials is just that. I lke many have cut dollar leakage, quit the pay TV, cut up one credit card, cut my phone usage, quit my home phone, quit my hospital "extras" which I got a paltence back on anyway, use regular petrol, shop only for what I need in the fridge now, no longer go "Saturday" shoping with the missus and we put all our money in the bank in a high interest online saver account. Nope, no spending for us, cards only for christmas, our wallets are shut in preparation for the big downturn in 2012. Save your money folks and you will see it through. Spend up and your'e done.

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