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COMMENTS: Prefer Kisses over Girl Scouts
For ABC's A Closer Look, David Muir left no doubt that demand is shrinking at the consumer level. January retail sales volume declined by 1.6%. It is not only that consumers are spending less and saving more, Muir pointed out; they are also changing consumption patterns. Hyundai has the newly popular automobile, offering a money-back guarantee to buyers who get laid off. Mattel's toy sales are slumping because their models are impermanent. Netflix rentals are on the rise as movie entertainment stays in the home. As for candy, Girl Scout thin mints are being shunned in favor of Hershey's Kisses--"smaller but cheaper."
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