It is an easier last-minute gift. For people that are trying to avoid the long lines or as the apparel selection starts to thin out, I think you will see more people turning to gift cards today.
More Quotes from Scott Krugman:
From what we've been hearing Saturday was a huge day for sales and a huge day for traffic,Scott Krugman
The consumer has proved more resilient than many thought. We're still in the middle of a very busy week that can account for 10 to 15 percent of holiday sales, especially with all the unredeemed gift cards. It's not over yet.
Scott Krugman
The only people who are going to have problems, real problems, with return policies are people who are trying to defraud a retailer.
Scott Krugman
This is probably going to be one of the hardest holiday seasons to predict. Last year, you knew what happened, you had an event, Sept. 11. Now, you have a weakened economy, employment issues, and you have consumers not knowing what's going to happen as far as corporate scandals, a double-dip recession and obvious questions about our current war on terrorism.
Scott Krugman
My standard feel is it's too early to tell. It looks like things are starting to stabilize a little bit. They're not getting worse.
Scott Krugman
I am not buying into ho-hum theory yet. This week is going to be very telling.
Scott Krugman
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