Since I am sure store closures is a story that will continue I took a look at some recent data regarding retail. It is also the case that my friend Richard Carpenter (whose blog I linked to in the past and you can find in the blogroll list) asked me about some of the numbers in this situation.
Clearing out more of the questions asked on the radio lately. The announcement of the closure of the Macy’s in the local mall set some callers into fits. Their issues and questions ranged from: Is this a harbinger of future closures in Grand Forks and/or Fargo; to: this mall has inadequate numbers of stores and the wrong kind. There were lots of other issues raised too, so let’s clear a few of these things up right now.
Continuing the look at economic differences across the state of North Dakota, today we turn to look at retail. One of the more aggravating things when you try to look at data at the county level are the redactions of information due to privacy concerns. I am not so much complaining about privacy rules are just venting that it makes the analysis less than complete because we do not know the situation for all counties. Here is what North Dakota looked like in 2015:
Well, it is the season for many things, but right now it seems it is the season for complaints regarding Christmas shopping and the fact that many stores now open on Thanksgiving. Full disclosure, I do not go shopping at “Black Friday” sales, and I have no plans to shop on Thursday either, but that is a family choice, others may have reasons to make other choices.
I am a contributor to the Jarrod Thomas Show on KNOX 1310 AM radio, and a program topic from Friday had people in my office talking. Stores around the country will be opening their doors earlier for holiday shopping, including earlier on Thanksgiving evening. Is this a problem?
The approaching holiday season means many will now renew their focus on the retail sector for a clue to strength in the economy. What does this mean to North Dakota? There are many factors working to the positive for ND right now. The exchange rate with Canada is one of them, seen here: