From toys to birthday parties, from swim lessons to private schools, parents are saying “No” more often.
” ‘Parents are cutting back across the board,’ said BMO Capital Markets analyst Gerrick Johnson.”
“In 2008, sales of toys fell 3 percent to $21.6 billion from the previous year. Children’s clothing fell 2.2 percent to $36.8 billion, according to the research firm NPD Group.”
“At RockNfun Music in Falls Church, Va., the number of people, mostly children, taking guitar, piano and other lessons has fallen 5 to 10 percent in the past four months, co-owner Kevin Glass said.”
“Paul Feciura, owner of Youth Sports, Virginia Training Center Inc. in Woodbridge, Va., said business has dropped 15 to 20 percent since last summer – even though the Beijing Olympics should have provided a boost. The company is trying to accommodate some hard-hit