Word: holidaying
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Dates: during 2000-2009
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...level in more than a quarter-century, retailers are readying for one of the country's biggest shopping days of the year - Black Friday, the day after Thanksgiving, which marks the official start of the Christmas shopping season - which will likely foretell the success or failure of 2009's holiday sales season...
Expect to see heavy price-discounting among most retailers this holiday season, but not as aggressive as last year's stunning markdowns. "On average you might see 30% to 50% off, but last year was 75% to 80% off," says Tiffany Co, director of retail at Fitch Ratings. "I don't think we're going to see the kind of panic discounting we saw last year," concurs Richard Jaffe, managing director at Stifel Nicolaus & Co., although he notes that promotions are starting earlier...
...easy for retailers to hold the line as they face a showdown with frugal shoppers. "Inventories are in good shape, but sales may suffer more than we thought as retailers are forced to blink on promotions to drive traffic," says Jeff Black, director at Barclays Capital, who expects holiday sales to be flat with year-ago levels. (See 20 tech gadgets...
...this year's Black Friday began early, with many retailers pushing holiday ads while pumpkins and Halloween costumes were still on store shelves. Wal-Mart shot the first volley when it launched a price war last month with online retail giant Amazon.com over books. Walmart slashed the price on 10 of the most anticipated hardcover books to $10 a pop for shoppers who preordered the new releases through its website. When Amazon matched the price a few hours later, Walmart trimmed the price to $9 apiece and then $8.99. Rival Target, not to be left out, has since matched this...
...advocate is giving gifts to charity. If you look at data, as people get richer, they give a higher fraction of their income to charity. So if you think that luxuries in that sense are things people would like to do, if only they had more money, then holiday giving - giving someone the ability to give to charity - is a way to allow them to experience a luxury...