We have been listening to a lot of changes and dooms day reports lately.

• Stathfield Car radio pull the pin
• Music LInk release staff
• Bose close ASIA Pacific on the Gold Coast. 10 staff 'let go' from NSW plus others in other states. Reportedly 1,000 jobs world wide (about 10 percent of its work force).
• Cadac Purchased by Soundking Group of China
• Harvey Norman close a large number of outlets
• etc, etc

We checked
So we made the effort of calling around and chatting to numerous companies. What we worked out, after our calls was that, yes this recession is starting to bite into the market place somewhat, .but the companies who suffered most were those who relied heavily on the retail sector. Put simply, Joe Public has been the one to pull their head in the quickest.

Quite a large number of retailers in major shopping centre's are still trading, simply because the cost of reneging on their contract is more expensive than trading at a loss until the lease becomes up for renewal. There's a whole swag of them who will evenutally bail out (or strike some incredible lease deals).

Pro OK?
On the other hand, the installation market still seems to be trading well and, to a large extent, so does the pro sector. Is this because it was already at the bottom of its market or is it because, once again, contracts were already in place. Only time will tell (and we all have our bets placed).

This recession thing is a big question on everybodys mind. It's one that will not go away and one we would like to hear more about it from you guys. We look forward to your emails.