One thing that shocked me was that the number of consumers planning to buy gift cards this Christmas is not as big as last year.
More Quotes from Britt Beemer:
They say that they're going to give their child a mutual fund contribution or some kind of gift through a stock investment.Britt Beemer
The toy category continues to struggle. Our survey shows that this year 33.5 percent of weekend shoppers said they bought toys compared with 37.5 percent last year. The big surprise was electronics, which came in flat with last year at 19.7 percent. One reason for this could be that people simply couldn't find what they were looking for.
Britt Beemer
It probably won't mean much lower prices. It's going to obviously give consumers greater convenience, and that's what consumers want with drugstores.
Britt Beemer
There are a number of consumers I've talked to who have given money to hurricane funds in lieu of gifts. Last year luxury retail was the grand slam .... If this shopper cuts back, it will send Wall Street into a spin.
Britt Beemer
Retail sales were pretty good, considering at the start of the season we were looking at 3 gasoline and were still recovering from the hurricanes. Consumers got out early and responded to early-bird specials, but there wasn't much new. There was no hot toy or hot apparel look.
Britt Beemer
Overall, the moderate-priced stores such as J.C. Penney, Sears and Wal-Mart had good traffic levels. We think luxury sales were probably flat this past weekend because more people said they decided to go away on vacation before Christmas this year than last year. So this could have impacted spending on other high-end items.
Britt Beemer
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