Word: holiday
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...season to buy that Blu-ray. With Christmas just 10 days away, one sector is emerging as the star of the holiday shopping season: consumer electronics. "We're seeing incredible growth, particularly with netbooks and TVs," says Andrew Hargreaves, an analyst at Pacific Crest Securities. According to the Consumer Electronics Association, 80% of adults say they intend to purchase technology as a gift this year, the highest figure in the 16 years the organization has tracked holiday shopping patterns. On Monday, Dec. 13, Citigroup analyst Kate McShane raised her price target for Best Buy, the country's dominant electronics retailer...
...electronics when asked what gift they were buying most often (30.8% said toys). Last year, only 23.7% of respondents said they'd purchase an electronics item. The sector's strength has compelled Beemer, for the first time in his 19 years of conducting Christmas consumer surveys, to revise his holiday sales estimate. In early November Beemer predicted a 2.9% drop in retail sales for the holidays. Now he's forecasting just a 1.2% drop in overall holiday sales. "Electronics have been a big bright spot," he says...
...Circuit City went out of business earlier this year, you might have thought that Best Buy would use its "last man standing" status to its advantage and hold firm on prices. But other retailers decided they wanted a piece of Circuit City's pie. And to the benefit of holiday shoppers, one of those retailers is Walmart. For example, according to the website TVpredictions.com, Walmart offered a Blu-ray player for $78 on Black Friday, raised the price to more than $100 over the next few weeks and then lowered it back to $78 last Saturday. Best Buy has insisted...
...offering such juicy deals at Christmastime. "The question is, Are we sucking the demand out of the first part of next year?" asks Hargreaves, the Pacific Crest Securities analyst. Perhaps. But that's of no concern to the consumer. For shoppers, cheap electronics in the aisles bring nothing but holiday cheer...
...change” and make an impact—no matter how big or small—on some of the things we hope to improve. Whether it be donating time, money, or effort, giving philanthropic presents rather than materialistic ones will reap benefits for long after the holiday season has passed. While only time will tell if Obama is the “change we can believe in,” it’s also true that—as another wise leader once said—“You must be the change you wish...