Click to enlarge.
I've added a few ugly polynomial trend lines for your consideration. For a variety of reasons, here we go again.
Since the data was so ugly, I chose not to wait for March's official CPI but instead used Briefing.com's estimate of -0.1% found here. Close enough for government work!
This one's going to need a sound effect. Normally I'd jump at the opportunity to reuse a clown horn. MaxedOutMama once suggested a foghorn (see comments). I just don't think either of them will do the chart justice this time. It needs something that conveys even less prosperity and even more despair.
April 13, 2013
In the end, J.C. Penney’s board moved quickly with CEO move
A strong believer in Johnson’s vision, retail analyst Robin Lewis, said Thursday that his 17-month reign was “the most colossal, dramatic, tragic, transparent, rapid and microscopically tracked meltdown in the history of retailing.”
That about sums up Penney’s 111th year in business.
That about sums up Penney’s 111th year in business.
Here comes some bonus sarcasm. Brace for it.
The new CEO will no doubt do much better. All he has to do is navigate the near depression level economy while simultaneously fending off the rise of Amazon.com, Costco, and Sam's Club. How hard can that be?
Source Data:
U.S. Census: Retail Trade
St. Louis Fed: CPI
St. Louis Fed: Population
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