"Retailers Buoyed by Strong Holiday Start
Sunday November 25, 9:37 pm ET
Retailers Have a Strong Start to the Holiday Shopping Season
NEW YORK (AP) -- The nation's shoppers proved their resilience over
the Thanksgiving weekend, giving what the nation's merchants wished
for -- a strong start to the holiday shopping season. "
In two weeks, headline will trump weak holiday sales, and by the last
week, retailers will be in full panic mode.
This year is an especially difficult one that only happens every so
often; an early Thanksgiving and a four-day weekend leading into
Christmas. I would also point out that Black Friday is a horrible day
for retailers, profit-wise. Many retailers who enjoy a 25-30% gross
profit margin the rest of the year end up with less than half that for
Black Friday, while having to keep every available employee on the
floor to take care of customers... it's one of the dumber things the
retail industry does every year, and I've never understood it...
More lying from the person who lies about everything for no reason.
<PLONK>
".. but average consumer spending fell, a retailers' group said
on Sunday."
http://news.yahoo.com/s/nm/20071125/bs_nm/retail_weekend_dc_1;_ylt=Am4OGAc8OGSn3NHoG21xYSsE1vAI
Retail traffic up with spending down in holiday start
By Martinne Geller Sun Nov 25, 5:01 PM ET
NEW YORK (Reuters) - Deep discounts and extended hours drew more than
147
million shoppers to U.S. stores over the four-day Thanksgiving holiday
shopping period, but average consumer spending fell, a retailers'
group said
on Sunday.
The results from the National Retail Federation's 2007 Black Friday
Weekend
Survey were attributed to the economic uncertainty facing consumers
and
tough comparisons with last year.
According to a Reuters/Zogby poll from last week a growing number of
U.S.
consumers said they planned to spend less on gifts this holiday season
amid
concerns about the U.S. housing downturn and fears that the economy
might be
heading toward a recession.
The federation said the weekend's results did not change its
projection that
total holiday sales will rise 4 percent this year, the slowest growth
in
five years.
Average purchase per shopper: DOWN 3.5% from a year ago
www.portfolio.com/news-markets/top-5/2007/11/26/Black-Friday-Retail-Results
The National Retail Federation came out with some mixed news on what
happened at America's malls this weekend. Its "Black Friday Weekend Survey"
found that, while more people came out to shop than last year (147 million,
up 4.8 percent), they spent less on average ($347.44, down 3.5 percent).
In other words, a lot of people were out looking for the biggest
bargains/loss leaders, and leaving with just those.
Funny; that's what people usually do during a recession. Yet the
Administration says we're not in one... odd that...
Was it enough to make up for the declining retail sales in September
and October?
> NEW YORK (AP) -- The nation's shoppers proved their resilience over
> the Thanksgiving weekend, giving what the nation's merchants wished
> for -- a strong start to the holiday shopping season. "
With stores dangling steep discounts and consumers worried about the
economy, retail sales surged on the day after Thanksgiving, yet the
amount of money each shopper spent fell, according to two reports
released today. The reports suggest that jittery consumers are
flocking to rock bottom prices and to little else -- a boon for
discounters like Wal-Mart and Best Buy but trouble for higher-end
chains like Nordstrom and Abercrombie & Fitch that are averse to
discounting.
Sales rose 8.3 percent on Friday compared with last year's day after
Thanksgiving, the biggest increase in three years, according to
ShopperTrak RCT, a research firm. But shoppers did not splurge,
spending an estimated $348 each over the holiday weekend, down from
$360 last year, a survey conducted for the National Retail Federation
found.
MERRY CHRISTMAS!
Citicorp to cut 17,000 jobs, possibly up to 45,000 layoffs.
Cleveland's first Wal-Mart is about to open, and with it comes 300
jobs in a metro area that is struggling economically. The result,
according to the Plain Dealer: 6,000 people applied, or 20 applicants
for every one job.
"We had to recount (the applications) three times," Mia Masten, Wal-
Mart's director of corporate affairs in its Midwest division, told the
newspaper.
Most of the jobs are lower-paying, lower-skills positions, and the
demand for those posts disturbs some people.
"That's Depression-era kind of imagery," Amy Hanauer, executive
director of Policy Matters Ohio, told the Plain Dealer. "You can't
have an economy that works that way. It speaks to the need to generate
a different kind of employment in Cleveland."
I'm so Sorry you Leftist Sonsabitches don't like Good News for
America...........You Bastards would DESTROY America if given half a
Chance..........Donchaknow........
So your long and inane answer to his question would be "no."
< I'm so Sorry you Leftist Sonsabitches don't like Good News for
< America...........You Bastards would DESTROY America if given half a
< Chance..........Donchaknow........
It's not good news for America, Rumpy, and you bastards ARE DESTROYING
America.
On Nov 26, 12:36 pm, "theloneranger...@aol.com"
<ScreenRanger...@aol.com> wrote:
> I'm so Sorry you Leftist Sonsabitches don't like Good News for
> America...........You Bastards would DESTROY America if given half a
> Chance..........Donchaknow........
You wouldn't recognize America if you pissed on it for not electing
you Smartest Guy On Usenet.