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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: holiday sales

holiday sales stories: 8 news summaries

Borders Cans Top Brass After Dismal Holiday Season

Bookseller reports 12% drop over '07, replaces CEO, others

Jan 5, 09 4:00 PM CST
(Newser) - Borders will immediately restructure top management to counter a steep slide in sales, the Ann Arbor News reports. CEO George Jones has been replaced with Ron Marshall, a turnaround expert with book experience. Other top spots were shuffled to veterans of the Michigan-based company. The bookseller announced today that... More »

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restructuring • Borders • retail sales • book • holiday sales • shakeup

Gift-Givers Get Crafty In Tight Holiday Times

Sales of craft supplies and handmade
items shine

Dec 23, 08 10:14 AM CST
(Newser) - Although the economic downturn has nearly everyone pinching pennies, craft stores are watching theirs stack up as holiday gift-givers are saving money by making their own gifts or buying handmade items from others, the New York Times reports. While overall retail revenues in November were off 7.4% from last... More »

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eBay • crafts • holiday shopping • holiday sales • financial crisis • holiday season

Storms Threaten to Wipe Out Retailers' Last Hopes

Double whammy for desperate stores struggling to sell in last holiday week

Dec 21, 08 5:26 AM CST
(Newser) - Retailers were extending hours and cutting prices deeper in a last-ditch attempt to attract a final wave of holiday shoppers and mitigate the impact of major storms in the Midwest, Northwest and Northeast, Reuters reports. Some two-thirds of shoppers still have holiday shopping left to do, according to surveys, but... More »

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shopping • retail sales • holiday shopping • discounts • holiday sales • winter storms

(Newser) - Naughty or nice, America’s retail stores can’t look forward to two of the holiday season’s usual boons: gift card sales and “self-gifting” splurges, MarketWatch reports. About 44% of shoppers say they will not buy gift cards this year, up from 26% last year, a marketing study... More »

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retail • retail sales • holiday shopping • gift • holiday sales • gift card • economy

'Bleak Friday' May Keep TV Prices Down All Season

Deals on flat screens could extend all month

Nov 26, 08 7:21 AM CST
(Newser) - If your holiday wish list includes a flat-panel TV, you may not have to battle crowds on Black Friday to land a deal, reports the Wall Street Journal. Struggling electronics retailers anticipating a bleak holiday season are likely to extend traditionally low day-after-Thanksgiving prices—which could top 50% savings... More »

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flat screen TVs • holiday shopping • consumer electronics • Best Buy • LCD TV • holiday sales

 Slashing Prices Online 
 May Kill Etailers 

Price wars sure to kill off some struggling e-tailers

Nov 20, 08 10:46 AM CST
(Newser) - Online retailers’ response to their first dreary holiday season is a price war so fierce many won’t see the new year. Web shoppers are trained to search for deals, and 75% say they would leave a site that doesn't offer free shipping, the New York Times reports. Fine for... More »

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Google • online ads • shipping • holiday shopping • Kmart • online shopping • holiday sales • Amazon.com

Pork or Stimulus? Wrangling Sharpens Over 2nd Bailout

Partisan battle lines already being drawn as economic slump appears to worsen

Oct 16, 08 12:25 PM CDT
(Newser) - Congress’ partisan battle over the Wall Street bailout could look amateur compared to what lies ahead, the Los Angeles Times reports, as lawmakers consider a second stimulus package to keep the nation out of a steep recession. Republicans want tax cuts, while Democrats are pushing infrastructure projects and other federal... More »

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Congress • partisanship • recession • tax cuts • pork barrel spending • holiday sales • economic stimulus package • financial crisis

Fed Survey Shows Slowing Economy

Disappointing holiday sales fuel slowdown verging on recession

Jan 16, 08 2:34 PM CST
(Newser) - The Federal Reserve's regional business survey—released today, ahead of chief Ben Bernanke's appearance tomorrow before Congress—shows economic activity increasing more slowly, thanks to "disappointing" holiday sales. Some analysts think the survey—nicknamed the Beige Book—is evidence for a general economic slowdown, reports Bloomberg. "We are... More »

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Federal Reserve • US economy • holiday sales

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