High On Taxes, American Sagging Outfitters and Crazy ‘Bout a Sharp Dressed Man

On a Rocky Mountain high…

Image courtesy of Paul/FreeDigitalPhotos.net

Image courtesy of Paul/FreeDigitalPhotos.net

For the government it pays to get high, in Colorado anyway. News out of the highest state (insert any number of jokes here) is that the marijuana industry has proved to be quite a boon for it and expects to pull in a whopping $40 million in tax revenue from the sales of recreational marijuana and marijuana products. But that’s not all, folks. Marijuana related businesses are also giving a nice big buzz to the Colorado real-estate market as well, with commercial space, in some cases, quadrupling in price.

The pants are fine, it’s the sales that are sagging…

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Looks like American Eagle is not attracting enough American teens as the retailer is seeing some sagging sales this quarter. Even its rivals, Abercrombie and Fitch and Urban Outfitters, are having trouble making their target demographic swoon over their merchandise. Naturally and conveniently, these retailers are blaming those numbers on….come on, you want to take a guess?  Yes. The weather. Bet you had no idea that mother nature had any influence on the fickle spending habits of teenagers. But how come the weather hasn’t stopped these teens from flocking to European retailers H&M and Zara? Could it be that these European retailers are seen as cheaper, and dare I say it, trendier? Wall Street seems to think so.

Suits them just fine…

Image courtesy of imagerymajestic/FreeDigitalPhotos.net

Image courtesy of imagerymajestic/FreeDigitalPhotos.net

It’s not exactly the makings for a Hollywood blockbuster, but a five month financial drama has finally come to its (dramatic?) end. Ironing out their fiscal issues, Men’s Wearhouse Inc. said it is buying Jos. A. Bank Clothiers for about $1.8 billion. The deal creates the fourth largest men’s retailer. What changes are in store for you, the consumer? Probably nothing save for a few operating glitches – as occurs with just about any merger. And don’t worry if you have nothing to wear either as there are currently no plans to close any stores.

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