Holiday shopping focus already on post-Christmas - New York News

Holiday shopping focus already on post-Christmas

Posted: Updated:

ANNE D'INNOCENZIO and ANDERSON | AP Retail Writers

It's beginning to look a lot like ... the day after Christmas?

On the day before Christmas, retailers turned shoppers' attention to the day after the holiday.

Amazon.com already is offering "after Christmas" deals of up to 70 percent off clothes and 60 percent off some electronics. Old Navy is running TV ads that its "after-holiday sale starts early" with discounts of up to 75 percent off. And CVS was selling a wine cabinet for $10 off at $39.99 and three fleece throws for $9.99 on Christmas Eve.

Heather Nadler, 38, stopped by the CVS in Decatur, Ga., on Tuesday, searching for stuffed animals for her children. But she still plans to hit up sales after Christmas.

"I'll probably start shopping for me at that point," she said.

Stores usually wait until after Christmas to offer discounts of up to 70 percent or more on holiday merchandise that didn't sell. But Americans who are still worried about the economy have held tightly to their purse strings this year, and store sales have fallen for the past three consecutive weeks.

The pre-Christmas deals come as retailers are feeling pressure to attract Americans into stores during the final week of what's typically the busiest shopping period of the year. The two-month stretch that begins on Nov. 1 is important because retailers can make up to 40 percent of their annual sales during that time.

Sales at U.S. stores dropped 3.1 percent to $42.7 billion for the week that ended on Sunday compared with the same week last year, according to ShopperTrak, which tracks data at 40,000 locations. That follows a decline of 2.9 percent and 0.8 percent during the first and second weeks of the month, respectively.

Stores had a problem even getting Americans into stores, let alone getting them to spend. The number of shoppers fell 21.2 percent during the week that ended on Sunday, according to ShopperTrak.

Karen McDonald, a spokeswoman at Taubman Centers, which owns or operates 28 malls, estimated that business for the week that ended Sunday was unchanged to mid-single digit percentage growth compared with a year ago. McDonald said business "was just OK."

Overall, ShopperTrak estimates that holiday sales at stores so far are up 2 percent to $218.4 billion compared with the same period last year. That's below the 2.4 percent forecast for the two-month period, but the company is standing by that estimate with a little over a week left before the season ends.

The National Retail Federation, the nation's largest retail group, also said it's sticking with its forecast that sales in stores and online will be up 3.9 percent to $602.1 billion.

In order to get that growth, stores have tried all they can to lure shoppers in. For instance, at the Garden State Plaza Mall in Paramus, N.J. over the weekend, Abercrombie & Fitch, AnnTaylor and Express had 50 percent sales. Gap offered up to 60 percent off. And Steve Madden had a buy one, get the second pair at 75 percent off.

Stores, which typically don't discuss their discount strategy during the season, are hoping the sales will lure last-minute shoppers like Rubi Cuautle, 36, a restaurant manager. Cuautle headed to Target in Atlanta on Tuesday to shop for toys and pajamas for her nieces and nephews. "It's crunch time," she said

But some analysts doubt the discounts will be enough to save the season. Research firm Retail Metrics predicts December revenue in stores open at least one year, a key retail metric, will rise 2.8 percent, slightly higher than last year's 2.6 percent increase.

Ken Perkins, the president of Retail Metrics, said reports suggest that the final weekend before Christmas "did not generate the final crush of shoppers necessary to save the holiday season."

At least one shopper isn't impressed by the early deals. David Arnold, 43, who works in IT at a bank, said despite earlier "after Christmas" sales, he plans to go out after Christmas because he's been eyeing a 55-inch TV at Wal-Mart.

"For a 55-inch, the lowest I saw of a good brand name was $1200," he said. "I'm pretty sure I'll find a better deal after Christmas, I want to pay like $800."

__

Mae Anderson reported from Atlanta and Anne D'Innocenzio reported from New York.


  • Local NewsLocal NewsMore>>

  • Rifle seized after squirrel shooting in Milford

    Rifle seized after squirrel shooting in Milford

    Thursday, April 17 2014 8:48 AM EDT2014-04-17 12:48:12 GMT
    Connecticut State NewsConnecticut State News
    Police say they found an unregistered assault rifle and three large-capacity magazines in the home of a Milford man accused of shooting a squirrel.  James Toigo has been charged with unlawful discharge of a firearm, cruelty to an animal, reckless endangerment, breach of peace, failure to register an assault rifle and possessing large-capacity magazines.
    Police say they found an unregistered assault rifle and three large-capacity magazines in the home of a Milford man accused of shooting a squirrel.  James Toigo has been charged with unlawful discharge of a firearm, cruelty to an animal, reckless endangerment, breach of peace, failure to register an assault rifle and possessing large-capacity magazines.
  • Harlem politician Basil Paterson dead

    Harlem politician Basil Paterson dead

    Thursday, April 17 2014 8:41 AM EDT2014-04-17 12:41:03 GMT
    Basil Paterson, the father of former New York Governor David Paterson, died Wednesday night at the age of 87. The trailblazing Democratic politician from Harlem served in the state Senate, as deputy mayor of New York City, as secretary of state of New York and was appointed by the New York Senate as a commissioner of the Port Authority of NY and NJ. In 1970, he ran for lieutenant governor, the second black nominee of a major party for statewide office in New York.
    Basil Paterson, the father of former New York Governor David Paterson, died Wednesday night at the age of 87. The trailblazing Democratic politician from Harlem served in the state Senate, as deputy mayor of New York City, as secretary of state of New York and was appointed by the New York Senate as a commissioner of the Port Authority of NY and NJ. In 1970, he ran for lieutenant governor, the second black nominee of a major party for statewide office in New York.
  • Fund raises thousands for exonerated NYC man

    Fund raises thousands for exonerated NYC man

    Thursday, April 17 2014 8:20 AM EDT2014-04-17 12:20:44 GMT
    A recently exonerated New York man who spent nearly 25 years behind bars for a killing that happened while he was at Disney World is getting help from dozens of well-wishers contributing to an online fund for him. About 70 people gave a total of more than $3,400 to the campaign for Jonathan Fleming by Wednesday. Fleming was released last week after a judge dismissed the 1989 case, with Brooklyn prosecutors' assent.
    A recently exonerated New York man who spent nearly 25 years behind bars for a killing that happened while he was at Disney World is getting help from dozens of well-wishers contributing to an online fund for him. About 70 people gave a total of more than $3,400 to the campaign for Jonathan Fleming by Wednesday. Fleming was released last week after a judge dismissed the 1989 case, with Brooklyn prosecutors' assent.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices