Trouble at Six Flags

Six Flags reported financial results this morning. Like Disney, Six Flags is seeing fewer consumers showing up to have fun.

“However, we experienced a sharp fall-off in attendance and revenues in July, concentrated at three parks. We believe this attendance decline reflects a number of factors, including some reaction to economic uncertainties, as well as potential terrorism fears early in the month. We also continued to experience lower than expected group attendance in certain markets where local businesses have been particularly hard hit by the difficult economy.”

Meanwhile, JC Penney reported this morning that same store sales for its department stores declined 2.7% while its catalog operation reported a sales decline of 21.4%! Lots of signs that consumers are keeping those credit cards in their wallets lately.

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