Holiday shoppers spent a little more this season, according to data released Monday, giving merchants some reason for cheer.
The spending bounce means retailers managed to avoid a repeat of last year’s disaster even amid tight credit and double-digit unemployment. Profits should be healthier, too, because stores had a year to plan their inventories to match [...]
Posts Tagged ‘thanksgiving’
Sales up a bit these holidays over last year
December 28th, 2009 by Financial Writer
Tags: holiday shoppers, lean inventories, managing inventories, thanksgiving
more...Early retail reports suggest sluggish November
December 3rd, 2009 by Financial Writer
Many merchants suffered through November as a modestly positive start to the holiday shopping season wasn’t strong enough to offset weak spending the rest of the month.
Sales for many that are even weaker than last November, which was marked by a consumer spending clampdown spurred by the financial meltdown, are an ominous sign for an [...]
Tags: economy, financial meltdown, holiday shopping, reported sales, thanksgiving
Holiday shopping off to mildly encouraging start
November 30th, 2009 by Financial Writer
After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention to the online promotions known as Cyber Monday and bringing back customers the rest of the season.
The good news is that holiday shopping held steady through the Thanksgiving weekend after retailers saw a huge crowd of bargain [...]
Tags: business, economic worries, holiday shopping, thanksgiving
Can’t find the hot new toy? Blame the economy
November 9th, 2009 by Financial Writer
Robotic toy hamsters, the latest Barbie dolls and stylish boots are disappearing from store shelves as holiday shoppers start to get serious. But don’t confuse this with the days of Tickle Me Elmo.
Instead of a throwback to great buying binges of the past, the empty shelves are just another sign of bad times.
The shortages come [...]
Tags: economy, hasbro, inventories, money, thanksgiving, toy