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By ANNE D'INNOCENZIO, AP Business Writer
36 minutes ago
NEW YORK - An already disappointing holiday shopping season turned out to be even worse than expected for many of the nation's retailers, who Thursday reported tepid sales gains for December.
I think WebmasterWorld people had great sales though as per discussions we had last week: Christmas Sales [webmasterworld.com]
[edited by: engine at 6:16 pm (utc) on Jan. 4, 2007]
[edit reason] Added link to earlier thread [/edit]
Online sales for the 56 days through Dec. 26 jumped to $23.1 billion, Reston, Va.-based ComScore Networks Inc. said Friday. The results exceeded ComScore's own estimate of a 25 percent gain for November and December, prompting the firm to raise the projection to 26 percent.
Decking the Virtual Halls
i guess its all about whose eggs were sold and at what rateAnd whether those eggs were at full markup or deep discount. And how much advertising was done and whether shipping costs were a profit generator or a black hole. Then there are those pesky January returns which loom large online, and... [insert another 10 complex and as yet untotalled variables for online sales]
Pretty clearly B/M didn't have a great Christmas. And a few low margin $2,000 TVs are skewing broader figures, I imagine.
We were driving by the main mall in our town the Saturday before xmas and it was about 11am (prime shopping time for last minute folks) and there was empty lots all around the mall.
Very strange... perhaps online is taking more of a market share!?
Studies show an incredible drop in time American FAMILIES spend in malls. Something like 30%. No one is spending all day Saturday in a mall as they did 15-30 years ago.
Tweens still hang around malls on weekends, but adults tend to go to a mall, make a quick purchase, and leave...fast!
I think we're now seeing a bit of that online. Surfing down, but actual purchases up.
Also, hot items of the season were the following
1. Elmo TMX
2. Sony Playstation 3
3. Large Screen TV's
A lot of people paid over list price for elmo and the playstation 3.
Large Screen TV's are in the thousands.
So I imagine that clothing retailers did take the brunt of it.