Posts filed under “Retail”
This is the time of year when Americans gather with family and friends to give thanks. A bounteous feast is the time to express gratitude for our good fortune. We count our blessings, humbled by the fortuity of our circumstances, grateful for whatever it is we have.
Once you get that over with, it’s time to go shopping.
At least, that seems to be the message of retailers, as they intrude further and further into the holidays. This year, a growing number of retailers are actually open on Thanksgiving Day, including Wal-Mart, Kmart, Sears, Target, Kohl’s, Staples and Macy’s. (A Facebook page has called for a boycott). Being open on Thanksgiving smacks of desperation, and you should do nothing to encourage the excesses of this antifamily, antifootball behavior.
It is all part of the plan. The manipulators at the National Retail Federation and elsewhere work hard to create a sense of consumer frenzy. Thus, I have dubbed the season between Thanksgiving and Dec. 25, “Shopmas.”
Forget August. The real silly season is upon us. As evidence I present the forecast of a 13 percent increase in holiday sales made by Forrester Research, as cited in the New York Times this morning. Color me skeptical. As we noted about this time last year, these sales projections are as much of an…Read More
It has been a confusing few weeks for followers of the retail sector. A mix of disappointing earnings (See Best Buy, J.C. Penny’s and Sears) along with pockets of luxury strength plus strongly trending auto sales has created a jumble. Let’s see if we can make some sense of the entire mess. Let’s start with…Read More
Uh-oh — some of the gifts did not work out okay? No worries, here’s a quick guide to getting a fair shake: Source: WSJ