Retail Analysts Yawn at Early Holiday Sales
Article Abstract:
Retail industry analysts indicate that holiday shopping the day after Thanksgiving 2003 was not as outstanding as the retail sector had hoped. The National Retail Federation is still predicting a 5.7% growth over last year's sales for December. Visa credit card transactions increased 9% over 2002 from Friday to Sunday, but that included online shopping and sales from debit cards. Discounts on CD and DVD players helped stimulate retail sales immediately after Thanksgiving and represented purchases by 39% of the holiday weekend shoppers. Retailers are trying different strategies to lure consumers without resorting to massive discounts, such as coupons to motivate repeat shopping visits to stores.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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At Many Stores, a Disappointing November
Article Abstract:
Retail profits were not as satisfying as predicted for Nov. 2003. Concern over this development reflects fears that holiday shopping may not improve over 2002 as much as anticipated. Sales results for November varied depending upon the store. Wal-Mart Stores which had been operating at least one year had a 3.9% gain while Target increased sales 6.2%. Abercrombie & Fitch continued its decline with a 13% decrease in retail sales. Other retail sales data are provided.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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At the Luxury End, Holiday Sales Were Hopping
Article Abstract:
The 2003 Christmas holiday season was a bonus for luxury goods. Luxury store sales increased 3.7% over 2002. They fell short of double-digit predictions that were made before three snowstorms slowed business in the Northeast. Other retailers enjoyed mixed results. Wal-Mart, inclusive of a 6.1% rise at its Sam's Club stores, increased 4.3%.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
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