[POST-HOLIDAY US SALES UPDATE] After a disappointing pre-Christmas showing ...
[POST-HOLIDAY US SALES UPDATE] After a disappointing pre-Christmas showing for retailers, attention is now on the second leg of holiday sales, starting the day after Christmas. The strategies that were used to boost pre-Christmas sales were tried again, with early openings and big discounts on offer. USA Today carries news from mall operator Taubman Centers that traffic was moderate, with parking lots 90% full by 1pm, but no lines to speak of at shops. Gift-card recipients will be met with discounts up to 70% at some stores, which means far narrower margins for retailers than on pre-Christmas sales. That is the merest hint that the post-Christmas period won"t improve much on pre-Christmas sales.
A very large percentage (60-70%?) of the GDP is retail sales for the US. If that is shit then look out below kids.
