J.C. Penney will probably be the most promotional store this year, similar to last year, and they'll probably have a good Christmas because of it.
More Quotes from Britt Beemer:
Today, only about one-third of holiday purchases are returned as compared to just four years ago. Returns are very expensive for retailers because they have to retag the item and mark down the price. If I bought something for 29 and return it, store may have to cut the price to as low as 14 before restocking it.Britt Beemer
Consumers love January because January has always been this great clearance month. If they don't see (sales), as they've proved this Christmas, they'll outwait the retailer.
Britt Beemer
These Thanksgiving shopping numbers will be the lowest in a decade,
Britt Beemer
More Americans are waiting to the end to shop for Christmas than any other time in the last 10 years. The consumer was never excited about anything that they saw this Christmas.
Britt Beemer
The really good ones have developed some sort of product niche, whether they are the place to go to get the latest and greatest cook or travel books. They've developed a niche that makes them really unique.
Britt Beemer
Retailers are fighting lower profits than in years past. The industry's is definitely more competitive today and companies have to do what they can to not take unnecessary markdowns,
Britt Beemer
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