Word: retailed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
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...
...They charged in and bought the door busters, and when the door busters were out, it was over," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking firm. "By 1 o'clock, there was no more Black Friday - it was over...
...like night and day," says Matthew Katz, managing director at consultancy AlixPartners' retail practice, whose team traveled to about 30 malls, big box retailers and strip-mall centers to monitor activity today in different parts of the country. "I purposely went to the same mall in Short Hills, N.J. at 9 a.m. as I went to last year, he says. "Last year [on Black Friday] I parked in the front row, and this year it took me about 20 minutes to get a spot." (See pictures of expensive things money...
...Says retail consultant Katz: "There's a lot of positive momentum, but we're not out of the woods...