This article in the New York Times sums up our industry this year well... it's been a very tough year.
I always have the feeling that when articles like this appear -- it signals the end of the cycle. What do you think? I sure hope I'm right and that we've hit bottom. Even if we expect a slow recovery.
The best quote in the article is:
......... For the retailers the good news, relatively speaking, is that the chains say the rate of deceleration has slowed in the last three months. No one is declaring a recovery, or even that the market has reached a bottom. But Tiffany, which has been selling its signature six-pronged diamond solitaire engagement rings through booms and busts since 1886, is confident the sparkle will return once again.“We’re going through a business cycle,” said Mr. Aaron of Tiffany. “There will eventually again be a rising tide of affluence around the world.”