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If Holiday Retail Stats Don’t Have Economists Saying “Humbug,†Tuesday’s GDP Report Certainly Will
If it’s good enough for Wal-Mart…
Looks like the discounting model pioneered by Wal-Mart Stores Inc. (WMT), the Bentonville, Ark.-based retailing giant, will make its way to some rather unlikely high-end retailers: Barney’s New York Inc. and Neiman Marcus Inc. have announced significant price reductions (up to 75%) over the next few days to avoid a disastrous holiday shopping season.
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For optimists, the message here is that all hope for holiday retail sales is not yet lost. A National Retail Federation survey…
22Dec2008 | Money Morning | 0 comments | Continued
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