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To: GST who wrote (123977)	4/22/2001 12:47:14 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glenn: How has your business been -- the retail business? GST, Not good. January and February were decent. March slowed a lot so Q1 in total looked ok unless one breaks it down by month. April is weak. It is as weak as I have seen since 1990. It may even be weaker. I know our area more represents the working class so that sector of consumer is not spending and I can understand why. These people work in tool and die around here and they were use to 60 hour weeks. That made for a decent living with the overtime. We have had a lot of layoffs and the laidoff are not spending. Those still working have been reduced to 40 hours and that is not enough income for luxury spending. Some are being called back but others are still being laid off. Possibly we have it a bottom and maybe we will see more hiring again and less layoffs going forward. On the bright or not so bright side, I have lost a few competitors that were too leveraged for this slow down.