Contrary to Diane Sawyer’s Rosy Eyed Pronouncements Last Night
Retail is downright scary right now. People have vanished after a first, really strong week of December. I told major dad when I got home from the salt mines ~ and after hearing her on the telly at work ~ that I’d read a contrary report on CNBC and, voilà, here it is:
Holiday Sales Appear to Stall: Are Big Discounts Next?
After early bird discounts fueled a Black Friday buying boom, retailers are seeing sales dry up halfway through the holiday sales period, a consumer survey completed Sunday showed. The trend may force discounts as deep as 70 percent on coats and flat panel TVs as Christmas Eve approaches.
Forty percent of consumers are completely done with their holiday shopping at this point, up from just 28 percent who were finished at the same time last year, according to the America’s Research Group/UBS Christmas Forecast Survey.
Now, in our wee mainstreet shop, there ARE no “big discounts”, as we don’t buy in “big” quantities to be able to do the Macy’s 70% off and survive discount. In otherwards, there’s “zip” for a margin.
The proof-in-the-pudding, gloom statistic this morning?
Retail Sales Weaker Than Expected in Nov., Up 0.2%
U.S. retail sales rose less than expected in November as a drop in receipts for food and beverages weighed against stronger sales of motor vehicles, the Commerce Department said on Tuesday.
Biz, Life, Politics | tree hugging sister | 
December 13, 2011 9:35 am
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Marvelous.
Sawyer is a dumbass…
Most of the “journalists” today are dumbasses, Major Dad. It’s practically a qualification for the job.
Were I Obama, I’d be asking for those numbers every. Single. Week. from now through the rest of the holiday season, and I would not be going off to HI for 17 days. I guess that’s why I’m not the president.