11-10-09, 07:47 PM
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Join Date: Jul 2003
"Merchants got burned badly last year when they were left with a lot of unsold merchandise after Christmas," said George Whalin, retail expert and president and CEO of Retail Management Consultants. |
And since the past 10 months have been a sales nightmare for most merchants, amid an ongoing spending slump, sellers have up to 30% less merchandise stocked for the year-end gift-buying season that unofficially kicks off the day after Thanksgiving.
The November-December period is critical for sellers because it can account for as much as 50% or more of retailers' profits and sales for the full year.
Without the fear of being overstocked, merchants will also be less promotional with holiday goods versus last year in order to preserve their profits.
So don't expect big red sales signs screaming 50%, 60% or even 70% off right after Black Friday, analysts said.
wow, that's terrible.
No Asterisks in this life, it's all about scoreboard - Ari Gold