Sunday, November 28, 2004

For many retailers, holiday sales tepid

With one of the biggest holiday shopping weekends of the year, the numbers are in and it seems that stores like Wal-Mart seemed to struggle, where Sears and JcPenney did well. Sales were said to be strong on Friday but seemed to weaken as the weekend wore on. Are Wal-Marts woes due to the aggressive advertising of other companies by offering special purchases and pricing or because there were no must haves in apparel or toys for Wal-Mart to carry. Other areas where they lost some shoppers were in the main attractions such as electronics, particularly flat-screen TVs and DVD players where other stores seemed to clean up. This was an interesting article because it seems that Wal-Mart always does good and never seems to struggle during the holidays. Do shoppers shop for the best deals for more brand named items on the big sale days and just hit Wal-Mart whenever they have time? Do there numbers reflect how busy Wal-mart always seems to be? Maybe everyone had the same idea to skip Wal-Mart because they figured it would be so busy. I myself don't enjoy shopping especially when there are alot of people there at the same time.

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