Monday, November 18, 2013

The $98 32-Inch Flat-Screen TV

November 18, 2013
Wal-Mart Touts $98 TV as Holiday Seen Weakest Since 2009: Retail

Wal-Mart Stores Inc. (WMT) is dangling a 32-inch flat-screen TV for $98, down from $148 last year.

When can we expect the Fed to lower interest rates to help spur the economy again?

6 comments:

Mr Slippery said...

Bah! Those Bloomberg writers didn't notice the flat imports into LA since 2011, signaling strong retailer buying (hat tip CR). They are just nattering nabobs!

From the article,
Wal-Mart, which has projected stagnant U.S. comparable sales for the rest of the year and vowed to be aggressive with its promotions

Why isn't Wal-Mart watching the port traffic instead of their own sales reports? I am pulling my hair out with all this negativity. (/strong_sarcasm_off)

Rob Dawg said...

Mark,
I'm reactivating the blog and my next post will compare previous holiday spending. Teaser:
2008: $716
2013: $704 (est)

Stagflationary Mark said...

Mr Slippery,

Why isn't Wal-Mart watching the port traffic instead of their own sales reports?

Perhaps they are! Perhaps Wal-Mart expects to sell four $98 TVs this year for every three $148 TVs last year! If that's the case, port traffic really should be rising!

Unfortunately...

3 x $148 = $444
4 x $98 = $392

$392 < $444

No wonder Wal-Mart is feeling the gloom. Due to this season's coming price wars, Wal-Mart can't figure out why port traffic isn't a lot higher than it is.

Stagflationary Mark said...

Rob Dawg,

Stop teasing me like that. I'm not spending $704! ;)

AllanF said...

I'm not spending $704! ROTFLMAO!

I gotta do a better job keeping up with the comments.

Stagflationary Mark said...

AllanF,

I gotta do a better job keeping up with the comments.

You can be forgiven. The "job" doesn't pay all that well, nor does it include free healthcare. ;)