Retail sales down over the summer

http://www.thestar.com/Business/article/699445
Summery:
Larger Businesses are planning to build smaller stores and trying to lower the prices on their products. On the other hand there are no signs that the consumers are spending their money, because of the bad economy. This cause the retailers to lost around %0.6-$34.2 billions. Fingers are pointing everywhere explaining the massive drops, like cool summer that we were getting lower the sales from beer, food, and clothing. Another reason there are a lot of unemployment which lead to people not willing to spend their saving. Some places say that this maybe forever because people learning how to spend less.
Connection:

People are learning how to save money due to the bad economy, this will cause problems to the business world because businesses are losing money. This will cause people to shut their company, people are losing jobs, factory workers, whole sales, retailers, and the chain continues. People are not willing to spend their money on luxury things should as cars, jewelry, top class food and the list go on. This will cause business people to think of new solution to counter this problem.
Reflection:
I personally think people are doing the right thing because they are trying to save money to put into better use should as medical help, funding for their children. On the other hand things are getting expensive, and I am a person who don't like to spend money on unnecessary things. My parents are complaining about how bad the economy right now because we were all planning to buy 2 fish from a shop and it used to be cheap but now they nearly doubled the price. Fruits are getting expensive. Even going down to London Drugs to buy some pencils, and paper were like more than 5 dollars, and when I lost one of my pencil I will get all worry.