Word: marte
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...expect a little bit of everything. Sears has quadrupled the number of items in its sales flyer to 677 this year, from 165 last year. Power discounter Wal-Mart launched Operation Main Street, presenting a new round of markdowns every week until Christmas. Mattel will give a $50 Visa card to those who spend $100 on select Barbie toys. Sears and Radio Shack are urging eco-conscious consumers to dump their power-sucking old equipment, offering gift certificates for the trade-in value. Likewise, Staples offers $30 toward the purchase of a new camera or laptop for buyers who recycle...
...fatal mistake in the fiercely competitive and fast-evolving retail-electronics industry. The problems began a decade ago, when Circuit City failed to secure prime real estate - its out-of-the-way locations were often just inconvenient enough to tempt customers to head to other retailers, like Wal-Mart. Then Circuit City stopped selling appliances. It didn't move as aggressively into gaming as it should have. And it missed out on big in-store promotions with thriving companies like Apple Computer. That created an opening for Best Buy, now the top electronics chain in the U.S., to surge ahead...
...think [Obama] can win here," says Jane Anderson, 64, a retired principal from nearby Clarkdale. The independent voter heard about the effort "in Wal-Mart, of all places" 10 days ago. "Everyone on line was so enthused about Obama, and they were talking about how there was a place we could volunteer, so I asked where it was, and here I am," she says, flipping her long, dark hair over her shoulder. Anderson has returned nearly daily to the tiny Cottonwood office, rented four months ago by volunteers pooling their resources...
...Thanksgiving maneuvering is getting interesting. To counter Wal-Mart, the much smaller KB Toys slashed prices to $10 or less on more than 200 items. Best Buy is staging an essay contest: applicants vie to describe how important a family ritual Black Friday shopping is. The 25 winners get a $1,000 gift card, a limo ride and early admittance at 4:30 a.m. to the Black Friday deals. The electronics dealer will provide hot chocolate and outside movie screens showing holiday films to tired customers who wait in overnight lines. And in a drastic move to steal market share...
While analysts say there is no must-have item this Christmas season, they expect discount chains like Wal-Mart to lead the pack. "This is the kind of economy that Sam Walton built Wal-Mart to serve," says Rigby of Bain. Consumer electronics could be a bright spot especially since prices for items such as plasma screen TVs and GPS navigation systems have declined dramatically. And with consumers indicating they're planning on staying home more often-eating in or taking "staycations" instead of vacations - a brand new TV or DVD player might be a good way to indulge while...