Holiday shopping starts weak - Walmart cuts projected sales increases from the 2 to 4% range to .7%

[dmcowen674]

Originally posted by: miketheidiot

I think this line of posting you've been on needs a rest. It's time to move on.

You poor thing, there is 4 solid years or more to go.

 

[0marTheZealot]

Growth = bad. You wanna know what uncontrolled growth of cells is called? Google it.

The world does not need growth right now, it needs contraction.

 

[miketheidiot]

Originally posted by: 0marTheZealot
Growth = bad. You wanna know what uncontrolled growth of cells is called? Google it.

The world does not need growth right now, it needs contraction.

true dat.

a natural decline in population to go along would be nice though.

Originally posted by: dmcowen674

Originally posted by: miketheidiot

I think this line of posting you've been on needs a rest. It's time to move on.

You poor thing, there is 4 solid years or more to go.

Oh good god.


Seriously you not doing your argument any good though. How about you try to cut back a little at least?

 

[0marTheZealot]

^
I'm hoping for any sort of decline. The eariler it starts the less harsh it'll be overall.

 

[burnedout]

Nevertheless, web sales strong even as traditional retailers struggle.

[...]

U.S. consumer Web spending rose 30 percent from a year ago on the Monday after Thanksgiving, which is considered one of the busiest online holiday shopping days, according to Web metrics firm comScore Networks. E-commerce sales that day came to $391 million, compared with $300 on the same day a year ago.

Consumers have spent $6.5 billion online in the holiday season to date, which essentially covers all of November, excluding auction site purchases and online travel sales according to comScore. That?s an increase of 25 percent over the $5.3 billion taken online during the equivalent days in 2003. . . . . .

 

[dmcowen674]

Originally posted by: burnedout
Nevertheless, web sales strong even as traditional retailers struggle.

[...]

U.S. consumer Web spending rose 30 percent from a year ago on the Monday after Thanksgiving, which is considered one of the busiest online holiday shopping days, according to Web metrics firm comScore Networks. E-commerce sales that day came to $391 million, compared with $300 on the same day a year ago.

Consumers have spent $6.5 billion online in the holiday season to date, which essentially covers all of November, excluding auction site purchases and online travel sales according to comScore. That?s an increase of 25 percent over the $5.3 billion taken online during the equivalent days in 2003. . . . . .

Can't have this blasphemy.

If the FLL's in here had there way there would be no Telephone in the U.S. much less Internet.

 

[Genx87]

Actually didnt Walmart publicly state they were not going to run any black Friday sales?

Wonder who the genius was who thought of that and if they are still working at Walmart.

 

[dmcowen674]

Originally posted by: Genx87
Actually didnt Walmart publicly state they were not going to run any black Friday sales?

Wonder who the genius was who thought of that and if they are still working at Walmart.

They must have heard you:

12-3-2004 Wal-Mart Starts Rare Newspaper Ad Blitz

NEW YORK - Wal-Mart Stores Inc. , hurt by sluggish sales over the Thanksgiving holiday weekend, on Friday launched a rare advertising blitz in newspapers across the United States touting price cuts.

The ad campaign follows poor November sales reported by the retailer on Thursday. Wal-Mart does not typically advertise in newspapers, preferring to promote its products in its monthly circulars and on some television spots.

Media analysts said the ad campaign could be good news for newspaper publishers, who have struggled with an unsteady advertising market, if it marks the beginning of a longer term strategy by the retail giant to advertise more regularly in print.

"If Wal-Mart feels the need to begin to supplement its marketing programs with print advertising, it will mean a big new customer for newspapers and would undoubtedly spark a response from other discounters," said Edward Atorino, a publishing analyst at Fulcrum Global Partners. "It could breathe an unexpected new life into retail advertising."

Wal-Mart spokesman Gus Whitcomb said the discounter sought to reassert its position as an "Every Day Low Price" shopping destination through the ad blitz. Retail analysts say Wal-Mart had opted to be less promotional over Thanksgiving, a step that has since backfired and alienated some of its die-hard shoppers.

 

[Genesys]

Originally posted by: Farvacola

Originally posted by: Engineer

Originally posted by: Genesys
eh, i dont think its going to be an indicator, the home depot i work at was packed on black friday and yesterday, and probably will be today as well.

But Walmart was packed also. People just didn't buy as much as expected. All stores were packed. The only store I went to was packed (see above), just people bought the Free after rebate stuff. It will show a short term boost in sales for them, until the rebates start shipping (assumig they send them )

I do hope you realize that isolated instances of you observing one store really has very little to do with a companys success.......just had to enter that in there.

perhaps...but looking at the sales from all home depot stores in my district, and seeing that sales were around triple what they normally are...

 

[brotherkane]

The sales sucked at Wal Mart. Its that simple. Im in a low income bracket and I basically shop only when I find a really good deal. Other places like Kohls and Sears had some great sales and I could get a normally higher priced item at one of those retailers than at Wal Mart.

Wal Mart just got caught being greedy. You gotta have door-busters and sales. They did not.