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Retailers pushing sales as storms expected to hit US
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by Amy Judd | December 20, 2008 at 03:13 pm
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As storms loom in the United States, stores are pushing sales as fast as they can, even opening their doors early this morning to get more people in to spend money. This is the final shopping weekend before Christmas, and retailers want to take the best advantage of that. However, winter storms will drive people back home, causing stores and sales to suffer.
The National Retain Federation has predicted that two-thirds of Americans still have shopping left to do (not sure how they came up with that figure), but bad weather is forcing people to stay home.
The storms hit at the worst possible time for U.S. store chains, which are trying to salvage the critical holiday shopping season amid a flagging economy and lure consumers with last-minute deals before Christmas next week.
Many shoppers have said they are giving fewer gifts and looking only for marked-down merchandise, grim news for retailers who may see their weakest holiday season since the early 1990s.
"It's bad news," said Scott Bernhardt, chief operating officer of national weather forecasting service Planalytics, speaking of Friday's storm and another to hit later on Saturday.
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Most RecentMost Recommended Comments (3)
at 04:52 on December 21st, 2008
Hum, May not work this year with tight valets.
at 12:08 on December 23rd, 2008
Photo by Flo Rodriguez, Circle Center Mall, Indianapolis Indiana USA
Candid Photo Dude has contributed a photo to this story.
at 17:14 on December 23rd, 2008
Alicia of LINGUA NIGRA at the Brooklyn Lyceum Holiday Craft Market.
groundsel has contributed a photo to this story.