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Nations Retailers Have Glum Weekend [View All]

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CMT Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-22-03 02:23 PM
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Nations Retailers Have Glum Weekend
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The critical last weekend before Christmas didn't deliver the sale bonanza merchants were hoping for, with Wal-Mart Stores, inc. announcing Monday that last-minute buying showed "some improvement," but was not enough to offset weak business in the early part of the month...

Target Corp. is expected to report same-store sales-sales at stores opened at least a year--later in day...

Discounters and luxury stores fared the best this past weekend...but at mid-priced department stores and mall-based apparel chains, which deepened price cuts on sweaters, jewelry, and other items, sales were uneven, continuing a trend seen throughout the season...

http://www.chicagotribune.com/business/sns-ap-holiday-shopping,1,1473188.story?coll=chi-busniness-hed

From a personal point of view, I work as seasonal help at a dept. store and our sales this season since Thanksgiving have been below last year.
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