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.
More Quotes from Britt Beemer:
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.Britt Beemer
The trouble is, if all they do is just change the name and change the logo, I'm not sure that's going to get rid of the Firestone image. They would have to re-paint the offices and move the headquarters and offices.
Britt Beemer
La-Z-Boy hasn't done much with football since that one campaign and I thought that was a mistake. They haven't made that connection with every Super Bowl and I think that is a mistake.
Britt Beemer
Parents have much lower spending plans this year, with the average at 296.20 compared with 411.24 a year ago.
Britt Beemer
China has given American consumers the best values they have seen in their lifetime.
Britt Beemer
Consumers believe that the bigger, better deals happen closer to Christmas, and they're willing to wait. Last year, lots of consumers were disappointed because they didn't see the early discounts. Shoppers are playing a game of cat and mouse, and they're waiting to see if the retailers will outlast them.
Britt Beemer
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