A recent report warns that retailers could have a grim 2009 as consumers plan to scale back dramatically on clothing and other purchases.

The article in Forbes magazine cites a recent America's Research Group poll showing a third of U.S. women currently plan to make no clothing purchases in 2009 - a pronounced increase from the four percent average that was seen in recent years.

The report notes that with this in mind, a number of prominent retail chains may find themselves out of business or closing large numbers of stores, joining the ranks of companies like Circuit City and Linens 'N Things. Specialty companies like Starbucks and casual dining chains were also expected to see dramatically reduced revenues in 2009.

Along with the general economic climate, much of this is due to a renewed focus among consumers on saving money and paying down debt, especially credit cards.

"I don't think we will live the same way for 10 years. People are so scared they're starting to save," Howard Davidowitz of Davidowitz & Associates told Forbes.

For those struggling to make it through the recession, a sound budget and careful attention to personal debt are crucial strategies. Some consumers may also consider options like payday loans to help them make ends meet.

-----------------------------------------------------------------------