looking thru the 2nd qrt report...
same RR traffic for the 2nd quarter was off more than 3%
some of the company stocks have done ok, since price increases have helped on the revenue side. so even tho volume is down, revenue is not down.
on a similar note,... after a vote to increase the minimum wage in arizona, (a couple years back)... here is what i have observed in the tucson area.
some small mom and pop businesses had to raise prices to compensate for the wage increase. so maybe revenue is up by 1%, but foot traffic is off by 1%.
i call this stagnation.
it is much better for the economy when volume increases, but price does not.
it is worse economically when price increases, but volume is off.
Thanks for the explanation bear.