A MIXED BAG FOR SHOPPERS VALLEY SPENDING HABITS VARY.Byline: Sue Doyle Staff Writer SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, - With fewer than 20 days until Christmas, some local holiday shoppers on Wednesday said they were closing in on their lists while others had to handle this season's gift buying with more caution than in the past. And then there were some such as 77-year-old Delores Smith of Santa Clarita, who said presents probably won't fit into her tight budget this year, something she hopes that others will understand. ``I don't even know if I will have any money to do shopping,'' Smith said. ``By the time I get my bills paid, I don't have too much left.'' This mixed bag of shoppers is a reflection of today's multispeed economy, where some sectors are doing well and others aren't, said Jack Kyser, chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County Economic Development Corp., a nonprofit business association. But at the same time, many consumers are confused about the state of the economy and that can be reflected in their shopping habits as well, Kyser said. Many don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. what to make of the economy, where some reports say job growth is steady, but at the same time some major corporations are laying people off. In addition, fuel prices have dropped considerably from the summer, but forecasts are warning consumers about high natural gas prices to come this winter, he said. This news can make people cautious depending on their situation, said Kyser, who added that nothing indicates that sales are down this year. He suspects that some are holding on to their money to see if more bargains will come along. ``Wait and see,'' Kyser said. ``Christmas sales seasons always seem to be somewhat of a cliffhanger cliff·hang·er n. 1. A melodramatic serial in which each episode ends in suspense. 2. A suspenseful situation occurring at the end of a chapter, scene, or episode. 3. . People procrastinate pro·cras·ti·nate v. pro·cras·ti·nat·ed, pro·cras·ti·nat·ing, pro·cras·ti·nates v.intr. To put off doing something, especially out of habitual carelessness or laziness. v.tr. .'' One of those procrastinators is Andre Boshant. In years past, the 17-year-old would have already made some purchases by now. But this year, work has kept him busy and out of the malls. Still, he said, if he had more money, he'd already be shopping. ``This year I will be all last-minute,'' he said. Stevenson Ranch's Kevin Kato typically falls into the same postponement pattern, but this year he's about three-fourths of the way through with shopping already. He found more free time to shop this year after he was laid off. But during his down time, he found some bargains while browsing online. In fact, much of his shopping was done on the Internet, where he found toys for his son that were sold out at local stores, the 34-year-old said. Online shopping is giving retail shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into a run for their money this season. E-commerce sales reports say that shopping is at an all-time high, said Mark Schniepp, director of the Santa Barbara-based California Economic Forecast. Schniepp said that Internet sales at some point in time will replace or displace dis·place tr.v. dis·placed, dis·plac·ing, dis·plac·es 1. To move or shift from the usual place or position, especially to force to leave a homeland: activity at malls. Still Schniepp predicted record-level sales at stores this year and said that the economy, especially in Santa Clarita, is especially vibrant because of the area's affluent base. He forecast that even jobless job·less adj. 1. Having no job. 2. Of or relating to those who have no jobs. n. (used with a pl. verb) Unemployed people considered as a group. Used with the. Kato will soon prosper. ``I don't see any softness in the labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience ,'' he said. ``People who want a job will find one because unemployment is so low.'' Sue Doyle, (661) 257-5254 sue.doyle(at)dailynews.com |
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