I am hesitant to “call” it but we did hit positive 365 day numbers last weekend. For the first time in 30 months we have a positive 365 day change in sales! (Not much mind you as we are looking at a full year’s number)
What a long hard slog. We had a downturn after 9/11 and the Gulf War when tourism took a hit and the local economy slowed down but that one lasted only about 12-15 months. This one was twice as long.
The total slide from the peak was over 30% so it will take some time to climb back up (remember a 35% decline requires more than 50% increase to get back even)
All in all, this is a load off my mind.
What a long hard slog. We had a downturn after 9/11 and the Gulf War when tourism took a hit and the local economy slowed down but that one lasted only about 12-15 months. This one was twice as long.
The total slide from the peak was over 30% so it will take some time to climb back up (remember a 35% decline requires more than 50% increase to get back even)
All in all, this is a load off my mind.
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