Wimpy Christmas Sales: Told You So
So here we are a week into the New Year and the whining has begun about the business of Christmas. Santa was not nice to retailers the media reports. (Even the post-Christmas returns are making headlines.) Target says it was a ho-hum holiday. JCPenney and Kohls both report that deep discounts hurt earnings. Walmart does [...]
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Has anyone thought that maybe Black Friday has something to do with low sales all around?
Retailers put all their eggs in one basket for one day! I have seen over the years in my work in retail, that people try to get the best sales and finish shopping in one day. They buy a $150 TV, a game system with 3 games for $120, a toy or 2 and boom they claim they are done. You get all the flyers or go to sites online so people can map what they want and where to go. It is so simple to all your shopping in one day, especially with the expanded hours and the retailers all claimed they had some of their best Black Friday sales ever. Also I do most of my shopping online, the sales are better, and you don't have to deal with the crowds.
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