Pin the tail on the margins
Thursday, December 6th, 2007That is what prognosticators will now try doing, as holiday sales have plummeted:
Consumers who picked up bargains in the days after Thanksgiving may feel disinclined to return to shops this year, adding pressure on retailers including Wal-Mart Stores Inc. and Cincinnati-based Macy’s Inc. to discount more as the traditional gift-giving of Christmas approaches.
Last week retailers saw the biggest drops in roughly nine months, which is right around the time housing and finance stocks took their first broad-based whacking.
Tagged: holiday shopping, retail
Original post by Michael Gracie