Seeking Alpha

Optimistic plans by retailers entering the holiday season are not panning out, says consultant...

Optimistic plans by retailers entering the holiday season are not panning out, says consultant David Bassuk, resulting in pre-Christmas markdowns that are more widespread than typical. Nomura analyst Paul Jejuez, after a weekend surveying malls, is concerned - "You have to be at 40% off to drive traffic."
From other sites
Comments (5)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Shoppers are getting more savvy. Why pay full price when you can buy at discount? The internet is the great price equalizer. This is the "new normal" get used to it.
    23 Dec 2011, 10:37 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    Yep! Best Buy sold so much on line they can't deliver.
    23 Dec 2011, 12:09 PM Reply Like
  • neobliviscar
    , contributor
    Comments (163) | Send Message
     
    Yadda yadda yadda.
    A part human-part border collie member of the family who ALWAYS has to work 3 jobs is doing 2 of them at the local chic-chic mall. Their traffic has dropped to almost nill, because they've sold almost EVERYTHING off their shelves in the two stores. Family member says they could have done so much more business if parent company had sent them more inventory.

     

    Make of this what you will. I personally think the market is overvalued, but the printing machines have been printing a long time and some of it seems to be trickling back. Certainly is in beaten down Florida where every schmoe said he could wait to buy a foreclosure.... now there are 5 or 6 for every house available. All pissed off, refusing to accept they missed the bottom.
    23 Dec 2011, 12:13 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11153) | Send Message
     
    The answer to many cities has been to build mall after mall. The whole US is saturated in duplicate malls with duplicate stores. The biggest enemy to malls is more malls which shoves down traffic and prices. At what point does mall owners and cities realize this and stop the bubble? Do we wait until they collapse just like housing?
    23 Dec 2011, 01:00 PM Reply Like
  • Tack
    , contributor
    Comments (13552) | Send Message
     
    Endless procession of worrying in the face of ever-stronger data. Retailers can't even keep the shelves stocked.
    23 Dec 2011, 01:03 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector