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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?
Schedule for Week of December 22, 2024
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Happy Holidays and Merry Christmas!
The key economic report this week is November New Home Sales.
*----- Monday, December 23rd -----*
8:30 AM: *Chicago Fe...
3 hours ago
6 comments:
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)
Mark,
I'm reactivating the blog and my next post will compare previous holiday spending. Teaser:
2008: $716
2013: $704 (est)
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.
Rob Dawg,
Stop teasing me like that. I'm not spending $704! ;)
I'm not spending $704! ROTFLMAO!
I gotta do a better job keeping up with the comments.
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. ;)
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