Word: ands
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Up until now, retailers have managed to avoid the panic discounting that plagued last year's Christmas season, mainly because many ordered up to 20% less inventory in anticipation of fewer customers. But with sales even more sluggish than projected and consumers keeping their pocketbooks closed longer, experts believe shop...
"Last year was the worst Christmas in 40 years and we're tracking below that right now," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking firm.. "The whole [holiday season] will be determined by the last two days before Christmas."
However, analysts believe the big 70% markdowns are more likely to be strategically slapped on certain items rather than spread store-wide as they were last year. "We're definitely expecting to see a lot of promotions in the days before Christmas, but we are not likely to see the...
Most retailers, anticipating a weaker holiday season, took steps to soften the potential blow by ordering less inventory, adding lower-priced merchandise to the mix, putting expansion plans on hold, shuttering weak stores, and purchasing items at better prices. As a result, most aren't under the gun to clear...
"We have heard all season that people are only buying items that are on sale and we think people are still holding out to get the best deal possible," says Grannis. "There could be great deals, but they're not going to be the 70% [across the board sales] that...