Monday, December 24, 2007

From today's USA TODAY:

".....Retailers who failed to discount — such as Macy's, Circuit City and Borders — were the season's worst performers, the survey found.

"Penney's was super-aggressive. They were advertising 40% to 50%, 60% off all season and Macy's didn't do it," Britt said....."

Actually, I don't think analysts know much of anything, nor do the stores really know how it's going to come out. It's all fun with numbers. They could've had huge sales number, but given away the store.

At what cost profit?

Bah, a pox on all their houses.

What I sold this Christmas, I sold because someone wanted it enough and valued it enough to pay retail. And it's looking like enough customers like a downtown full of individual shops and a shop full of individual items for us to have had a good Christmas.

The rest can go to Walmart for all I care....I'll never win them over. Anyone who will walk away from a new book, that they want, for 10.00, and fight the Christmas traffic to save a couple of bucks, is beyond my ken.

"...Barnes & Noble's discount program — which offers members who pay a $25 fee as much as 40% off on hardcover best-selling books — managed to entice enough shoppers to effectively drive "a dagger through the heart" of rival bookseller Borders, Beemer said.

Borders counters with Borders Bucks, which gives members a $5 coupon every time they spend $150.

Shoppers "went out and bought every deal they could," Beemer said. "When there were no deals, there weren't many buyers...."

And then later in the same article, this:

"...Still, overall holiday sales gains could come at a cost for retailers, says Sherif Mityas, partner and central region leader at consultancy A.T. Kearney, noting that stores discounted heavily at the expense of margins. He believes that apparel merchants will see their fourth-quarter profits most hurt..."

2 comments:

BilboBend said...

Leave the girl alone.....

[ why, it sounds like she offers insight into whats up in Baker-City these days, I'm with you if I were moving it would be Baker or Enterprise ( Joseph ) ]

As for my blog, my rule of thumb has been and will continue to be, don't say anything you wouldn't say to their face, and try to talk issues and not attack personal.

[ issues are the only thing important, all avatars should be abstract, attack is personal, study you history, people used to have duels because of personal attack, you end up with total lack of passion, this is why your avatar is that of "NED FLANDERS" ]


And, if I'm going to pass a rumor or gossip, label it as such.

[ That's fair, we long asked that here, that to proved all assertion with facts. ]

And be as willing to be self-revealing and or make as much of a fool of myself as I do of others.

[ nobody dwells on your avatar nor mine ]

If I was anonymous, I suspect I would be just south of IHTBYB's vitriol, and a county or two from Bilbo's.

[ who knows that your not 'bendbust', you probably have lots of anonymous personas out there, my style is simply anger, your one of the few blogger's that have been in Bend more than 3-5 years, most of the vitriol I have is towards those that recently moved here, and have tried to make Bend, Baker, Walla-Walla into the worst parts of california. ]

Jeff said...

[ issues are the only thing important, all avatars should be abstract, attack is personal, study you history, people used to have duels because of personal attack, you end up with total lack of passion, this is why your avatar is that of "NED FLANDERS" ]

Something interesting is being said here, but frankly, I need an interpreter . . . help!