Posted on 10/05/2009 2:49:53 PM PDT by Kartographer
Retailers and analysts will be closely watching September sales reports due Thursday from key store chains for any sign they may need to adjust their already-gloomy holiday forecasts.
Two analyst reports predict that Christmas-season sales will be flat with last year's dismal results while a third projects they will fall 1%. Stores have been slashing inventories in hopes they can avoid profit-sapping price cuts.
Retailers also are planning plenty of bargains to lure thrifty holiday shoppers. Wal-Mart Stores Inc. says it will offer about 100 toys priced at $10 -- compared with just 10 such toys last year. Consumers are still "under a lot of pressure," said Wal-Mart's chief executive, Mike Duke.
(Excerpt) Read more at finance.yahoo.com ...
I drove by a local mall here in Milwaukee on Sunday and was stunned at how full the lot was...don’t know if there was an event going on, sales that couldn’t be passed up, or if I’m the only one that’s put a stop to my excess spending.
Baffled.
Here we go again. Every year as regular as clockwork, the MSM starts with the doom and gloom. It seems to me the MSM NEVER has anything good to say about this country. It’s disgusting!
The Christmas holiday may be dismal for the unemployed, but I bet my bottom dollar that the Obama’s will have one hellova party with priceless gifts galore thanks to the American taxpayer.
The malls are plenty full, aren’t they. You got to keep in mind when they talk about sales being down etc., in the big scheme, they are only town a smidge, like down a million compared to last year etc. Percentage-wise it may seem large, but it isn’t really.
Many people are still shopping heavily.
The malls are plenty full, aren’t they. You got to keep in mind when they talk about sales being down etc., in the big scheme, they are only town a smidge, like down a million compared to last year etc. Percentage-wise it may seem large, but it isn’t really.
Many people are still shopping heavily.
This is purely anecdotal but the parking lot of a small shopping center near us was packed with cars. The stores were jammed. This was this past Saturday. FWIW
First time in a long while that I have seen that lot full.
When did people stop being citizens and start being consumers?
The thing is that sales are supposed to be up every year by a greater percentage than the year before.
Except in the WH where parites will continue to reign.
You're joking?..
Ya didn't notice wages in the past 8 years or so have been stagnant? Ya didn't notice upwards of 15,000,000 Americans are now out of work, millions have lost their investments, homes, jobs, etc...Ya didn't notice for those that still have their jobs, have had their benefits, wages, hours and pensions cut and slashed?
lol...Lets pretend we're asleep!!
You mean we have to choose?
You mean we have to choose?
I think you missed my point.
You aren't.
I'd love to know how much credit has been gobbled up by changes to accounts initiated by the credit card companies.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.