Word: seasonings
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...face-off between retailers and tight-fisted shoppers this holiday season, the last two shopping days before Christmas will be even more crucial than usual. Retailing experts expect to see deep discounts to woo the last-minute crowds, but not the complete capitulation that some shoppers had been hoping - and holding...
...until now, retailers have managed to avoid the panic discounting that plagued last year's Christmas season, mainly because many ordered up to 20% less inventory in anticipation of fewer customers. But with sales even more sluggish than projected and consumers keeping their pocketbooks closed longer, experts believe shop owners will slash prices sharply in the final two days. See the best business deals...
...Last year was the worst Christmas in 40 years and we're tracking below that right now," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking firm.. "The whole [holiday season] will be determined by the last two days before Christmas...
Most retailers, anticipating a weaker holiday season, took steps to soften the potential blow by ordering less inventory, adding lower-priced merchandise to the mix, putting expansion plans on hold, shuttering weak stores, and purchasing items at better prices. As a result, most aren't under the gun to clear inventory with huge unplanned markdowns...
...aviation industry analyst for the Dublin brokerage firm Bloxham. He notes that airlines aren't exactly popular with travelers these days either. Indeed, only days ago, a planned strike by cabin crew at British Airways threatened to leave up to 1 million passengers stranded during the entire holiday season - until a judge blocked the industrial action. "Had this been a terrible crash or something, it might be different. But once tempers cool, people will use whatever service is most convenient - and for Paris-London, that's Eurostar," Gill says. (Read: "Brits Get Some Holiday Cheer: No British Air Strike...