Word: holidays
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...Holiday Buying Guide...
...YORK CITY Lacoste Musician Michael Stipe teams up with Lacoste to design a limited-edition polo shirt featuring a photo print of a mosh pit (above; $155) for its Holiday Collection series, available only at the Fifth Avenue store...
...true that shoppers intend to spend a larger share of their holiday dollars online this year, with 36% of consumers saying they will spend half their shopping budget on the Web, up from 32% last year, according to a Nielsen Online survey. But overall budgets have shrunk, as tapped-out consumers have grown increasingly anxious about the economy. As a result, people are trading down in the stores they frequent and the number of items they buy. Case in point: the most popular product seen on BlackFriday.info's shopping lists was Wal-Mart's Batman and Spider-Man pajama sets...
...There was an optimism going into the holiday season that online would weather the storm a little bit better," says Jessica Ried, associate director of research for Resource Interactive, an online-marketing consultancy. "But this year in November we've seen the first online-sales decrease ever." For the first 23 days of November, holiday online spending reached $8.2 billion, a 4% decline compared with the corresponding days last year, when online sales hit $8.5 billion, according to the online-marketing research firm comScore. The firm predicts that online-shopping growth will be flat for November and December - significantly lower...
Meanwhile, a National Retail Federation survey showing a 7.2% increase in Thanksgiving-weekend retail spending vs. the year before failed to convince skeptics on Wall Street who still expect a dismal holiday shopping season overall. Even though Thanksgiving sales were stronger than many expected, the steep price markdowns did not augur well for retailer profitability...