Word: holidayers
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...Shopper traffic well surpassed our expectations," says Krugman. However, the dip in spending left him cautious, and he continues to project a 1% sales decline for the total holiday season...
...biggest increase at 4.7%. This was followed by the Midwest, where sales rose 1.3%, and the South, which posted a 0.6% gain. The Northeast took the biggest hit, with sales tumbling 4.9%. ShopperTrak co-founder Bill Martin reiterated his earlier projection of a 1.6% sales increase for 2009's holiday season...
Black Friday's business has left Davidowitz bearish on retailers' prospects this holiday season. "I expect total holiday sales will be down 1% to 2% - going against last year, which was the worst Christmas in 40 years...
...Read "Holiday Shopping: This Year It's a Game of Chicken...
...running up credit-card tabs we couldn't pay off. To a great extent, we've been hectored into behaving more like our parsimonious Pilgrim forebears, whose expression of gratitude we celebrate Nov. 26. But the day after Thanksgiving is Black Friday, the traditional start of the holiday shopping season, and it's in need of all the consumption it can get: conspicuous, ridiculous, tasteless or otherwise. It could take a Snuggie Christmas to keep the economy on the mend. Last holiday season, retailers cut prices so deeply that profits disappeared. Then, for much of the year, shoppers cut back...