Word: holiday
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...results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems to be good reason to give thanks and be cheerful...
Bargain-hunting shoppers turned out in droves for Black Friday markdowns, but they didn't open their pocketbooks as widely as last year, according to several retail firms tracking the data. As a result, retailers are only cautiously optimistic heading into the mainstream holiday season, including today's Cyber Monday, and experts believe that many stores will likely have to revamp promotions and discounting plans to ensure that inventories will be cleared by Christmas. (See pictures of people shopping on Black Friday...
...National Retail Federation (NRF) estimates that 195 million people visited stores and websites over the Black Friday holiday weekend, up from 172 million last year. However, shoppers spent less, with average spending dipping 8%, to $343.31 a person from $372.57 a year earlier. Total spending over the holiday kickoff weekend reached $41.2 billion, up only slightly from $41 billion a year...
Scott Krugman, an NRF vice president, sees Black Friday as a barometer for consumer sentiment but says it's not a slam dunk for how the rest of the holiday season will go. Last year, for example, shoppers spent 7% more over the Black Friday weekend than they did the year before. Yet holiday sales ultimately fell 3.4%, he notes. (See TIME's 2009 Holiday Gift Guide...
With over 50% of the House participating and a whole extra day of dining hall skits, Kirkland should be high on holiday cheer. With the "Single Ladies" dance being so 2008, however, the floor is open for the next big thing. What will it be? You’ll have to check back to find...