Report from the field (North Scottsdale):
Wife works for a major food vendor with her assignment covering all of North Scottsdale/North Phoenix/Cave Creek/Carefree supermarkets and specialty stores like AJ's. According to her, marked decrease in customer traffic and reduced sales as voiced by employees, who all chime: "it's slow, it's dead". Managers in effort to cut costs are walking the floor and asking employees if they want to leave early. Many, I'm told are looking for second jobs to make up for lost wage hours.
And it's only April...once the four natural disasters hit, (June,July,August & September), its surely can only get worse.
- raven
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I stopped by the AJ's off Scottsdale road yesterday on my way to check on of my properties and noticed well.. the entire strip center was nearly vacant, and the AJ's had only 8 or so customers in it. And of those customers except for me they we're all older folks in their 60's plus which is what is left in north Scottsdale..the old retires that actually have money and are now enjoying the place all to themselves.
- Matt
Hmm, this doesn't sound like an "affluent" town to me....
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