JiroV

Retail stores were one of the industries that took massive hits during the recession, and we saw the closing of some large chains like Circuit City. The retail year revolves around the Christmas season, or holiday season, and this holiday shopping season saw an increase in retail purchases, but the side effect is that January is almost a mini-recession for retail stores unto itself. That said, the numbers for the 2009 holiday shopping should be out soon, and we'll see if consumers were regaining confidence, or if they still could use payday loans.