Non Tradition Markets, Non Traditional Clients, Part 2

It's official, WalMart has saturated every suburban and small town market in America.

Then of course you don't have to be a genius to figure that out.

As
a result, WalMart have set their sights on other emerging retail
markets.  Places where the competition is low, the populace is excited
about a major retail presence and the hunger for goods, services and
jobs is palpable.

WalMart is coming to the city.  More specifically they're coming to the 'hood.

In short, they've simply expanded
their corporate focus on non traditional markets
.  Money's money,
right?

It's in that vein of thought that I noticed how
traditional urban businesses are getting a boost from some very non
traditional clients.

White people.

Until recently,
you would only see people with black and brown skin as the primary
clients of payday loan, food banks and businesses that offered layaway. 

At least I did in my neighborhood.  Which when you think about it, makes sense since I do live on the south side.

That is until this recession took hold.

In
this new economy, lending and lifestyle options that were available
even 5 years ago aren't so readily available today.  Or if they are,
unstable employment now gives most people pause before they recklessly
blow their cash.

Economists always tout the leading
economic indicators
---a set of conditions that take the pulse of
the economy.  Well I've got my own leading economic indicators---white
people.  When you see them at traditional 'hood establishments that is
NOT a good sign that our economy is moving forward.

White people in Woodlawn at a Currency Exchange NOT purchasing a city sticker for their car is a very bad sign.

It might be quite a while before our country gets out of this mess.

 

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  • One of my favorite reality checks is the number of Trader Joe's and Whole Foods bags seen when I shop at the local Aldi. The middle class is shrinking and the formerly comfortable are now struggling to make it from pay heck to pay check. My question is will these coping skills last after the recession is over?

  • In reply to janerickard:

    Jane,
    Astute observation. I'm sure we're not the only ones who have noticed these things. I don't know if people will retain these skills or learn from these challenging times but I feel it's going to get a lot worse before it gets better. I shudder to think about this upcoming winter.

    In fact, I'm getting ready to do a post on low cost health care resources passed along from my doctor. I hope to see you at the TweetUp tonight and don't forget to become a fan of I Hate My Developer on Facebook---yes I have a page. Why don't you guys?

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