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Wal-Mart touts $98 TV as holiday seen weakest since 2009: retail Tuesday November 19, 2013, 10:00 AM BLOOMBERG NEWS The Record Pages: 1 2 3 > display on one page | Print | E-mail

tiffany U.S. retailers are discounting earlier than ever as they brace for the weakest holiday shopping season since 2009.

tiffany outlet locations Wal-Mart Stores Inc. is dangling a 32-inch flat-screen TV for $98, down from $148 last year. Sears Holdings Corp. has waived layaway fees and its Kmart chain is introducing a rent- to-own program. More than a dozen retailers are opening earlier, or for the first time, on Thanksgiving Day. Among the attention- grabbing stunts: a $1 million jackpot for one of the first shoppers to visit Gap Inc.'s Old Navy chain on Black Friday.

tiffany outlet locations Faced with wary shoppers and a shorter holiday season, retailers are piling on deals as they jockey for market share during the most important sales period of the year. For the fourth year in a row, disposable incomes in 2013 have only inched up. As result, low-income Americans will again have a less-merry season than affluent consumers, who are more flush thanks in part to surging stock markets.

tiffany jewelry "We will be seeing promotions significantly above the current 30 percent off, which are the opening table stakes," said Craig Johnson, president of Customer Growth Partners, a New Canaan, Connecticut-based consulting firm. Stores have too much inventory, which "doesn't bode well for 2014."

cheap tiffany & co jewelry The disparity between wealthy and lower-income shoppers is already showing up in chains' fourth-quarter profit estimates, with Tiffany & Co. projected to fare better than Wal-Mart and Kohl's Corp.

tiffany and co October Sales

U.S. retail sales excluding autos and gasoline grew 0.2 percent in October, half the month-earlier gain, according to the median forecast of economists surveyed by Bloomberg. The Commerce Department will release those figures tomorrow.

With shoppers expected to visit fewer stores this holiday, sales are projected to advance 2.4 percent, the smallest increase since the year the recession ended, according to ShopperTrak, a Chicago-based researcher. Sales from Black Friday through Cyber Monday are projected to rise 2.2 percent year- over-year, researcher IBISWorld said yesterday.

The deep discounts will crimp retailers' bottom line. Macy's Inc., which has added doorbusters and deals of the day, warned that profitability will come under pressure in the fourth quarter. Analysts on average estimate that Macy's gross margin, or earnings left after subtracting the cost of goods, will shrink to 40.3 percent this holiday quarter, having eroded each year since 2010, the last year it widened.

Holiday Pressures

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Wal-Mart touts $98 TV as holiday seen weakest since 2009: retail
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Gallery by well know arial photographer Mr. Gopal Bodhe. See forts of Shivaji Maharaj from top view.. Something you shouldn't miss..

आता मिळवा शिवारायांवरील काव्य मराठीत: केसरी गुहेसमीप मत्त हत्ती चालला
Read poems on shivaji maharaj in marathi
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