Word: seasons
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...unemployment rises to the highest 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...
...this has retailers nervously wondering how much they'll need to discount prices this season. "I think virtually every retailer has some level of anxiety about what Walmart is going to do in terms of pricing," says Ken Perkins, president of Retail Metrics, a retail research firm. "They've had so many category killers over the years, and everyone is cognizant...
...reduce the risk of another round of panic selling, Saks and other retailers have ordered up to 20% less inventory for this holiday season. "You clearly aren't going to see the kind of discounting that you saw last year," says Sadove, although he doesn't rule out 70%-off sales being held at the end of the season if there's inventory left...
...mean, they’ve only lost to two teams this whole season,” Leone said, “North Carolina and Florida State—top 10 teams in the nation, basically...