Retailers Had Weak Sales in December

Retailers Had Weak Sales in December

There are 12 comments on the Chicago Tribune story from Jan 10, 2008, titled Retailers Had Weak Sales in December. In it, Chicago Tribune reports that:

An already weak holiday shopping season turned out to be even worse than expected for many of the nation's retailers, who reported Thursday they had sluggish sales results for December.

Join the discussion below, or Read more at Chicago Tribune.

BDD

Chicago, IL

#1 Jan 10, 2008
Many retailers want to sing "What a friend we have in Jesus" when it comes to counting their year end sales profits, yet they take the Christmas out of Christmas shopping. Now why do you think that the majority of the population who celebrates Christmas is less inclines to rush into these stores?
LOL

San Francisco, CA

#2 Jan 10, 2008
II blame Macy's! They have single handedly made the entire shopping experience for me a chore, to the point I don't even want to bother. Thank you Macy's. Way to flop!
kristenA

Chicago, IL

#3 Jan 10, 2008
All of the retailers suffered in December especially Kohl's which saw a 11.0% drop and Bon-Ton 11.0% drop. Why is Macy's to blame for all of the stores having a bad December except for Saks and Wal-mart? Even Target sales declined 5%. This is a reaction to the housing market and credit markets falling. People are afraid to spend more and are going to lower priced stores ie Wal-mart sales rose. Until the fiancial markets and the housing market stabilizes the retail stores, and soon the hospitality industry will suffer. We are in the start of a RECESSION that is hopefully not long lived. LOL Please read up on the economy and stop your petty comments.
gle

Springfield, IL

#4 Jan 10, 2008
The reason I didn't shop at many stores this Christmas was because I didn't like the crummy merchandise. It's getting harder and harder to find styles that aren't idiotic. The housing market has nothing to do with it. I think the trend market is more of a problem. And people hate Macy's because Macy's symbolizes the worst of the trends.
elizabeth

United States

#5 Jan 10, 2008
People's closets are already bursting at the seams, merchandise in all the stores looks about the same, the value of their homes has dropped which spooked them, for many, their credit cards are maxed out. It is no wonder the shopping season was underwhelming. Why is this even news?
macymart

Paducah, KY

#6 Jan 10, 2008
Two words to save Chicago retailing;
"Marshall Field's"!!!!
FrugalPete

United States

#7 Jan 11, 2008
Boo frickety hoo.
Stories and comments like these, from so called industry "experts" make me laugh. They are always looking for somebody or something to complain about instead of praising people for being smart with the limited funds that they "may" have. If you don't have it, you can't spend it...dummies.

AND, we as comsumers SHOULD NOT always be encouraged to spend every little red cent we have just so "retail" operations can have "profits". Geesh, give us a break. Don't they understand that the economy is in a world of hurt BECAUSE people have over-spent to begin with. Where has simple, basic common sense gone?
Dave

University Center, MI

#8 Jan 11, 2008
When your in a recession people start identifying the difference between necessities and luxuries. People buy necessities and forgo luxury. Hence, falling sales. I wouldn't expect it to get better anytime soon with inflation raising its ugly head and housing in early deflation stages.

Welcome to the opposite side of booms - busts!
GCNav

Yokohama, Japan

#9 Jan 11, 2008
Hello, Ever wonder why EVERY SINGLE ONE of the pre-holiday analyst projections so wrong? Kenny Perkins? Johnny Morris? And the big kahuna hizzself, Mikey Niemira? What's up with all that, huh?

Think about it. You know the answer, just like I do. Search around in your thoughts. It's laying there just below the dendrites, nagging at your conscious.

They were ALL dead wrong because they get paid to peddle crap to the rubes. And like their brethren at the so-called independent credit ratings agencies, these retail analyst "professionals" get paid benefit directly and indirectly from the same Street sharks who offload institutional shares on Jane and Joe public and all those sleepy mutual fund managers, too.

Caveat Emptor!

If you didn't know that Christmas 2008 was going to be blowout, you were engaged in wishful thinking. The pundits and "analysts" are still fudging. The figures provided in this article remind me of the I. banks parceling out news of their MBS and CDO writedowns, one little bit at a time in an effort to reduce the shock (and offload more shares.)

2008 retail sales were far below 2002. Why? Because you've got to factor inflation to get to real consumption growth (or decline,) and the "analysts seldom if ever do that. It's a... it's a... too complicated. Yeah, that's right it's too complicated.

Wake up America! The recession started last year - and it's kinda pissed-off about being ignored!

Have a nice day!

PS: This recession is going to last until 2016. You read it here first!
gle

Springfield, IL

#10 Jan 11, 2008
If Marshall Field's and Marshall Field's quality was still on state street, I would patronize it recession or not. At least they earned my $$$.
kristenA

Chicago, IL

#11 Jan 11, 2008
gle wrote:
The reason I didn't shop at many stores this Christmas was because I didn't like the crummy merchandise. It's getting harder and harder to find styles that aren't idiotic. The housing market has nothing to do with it. I think the trend market is more of a problem. And people hate Macy's because Macy's symbolizes the worst of the trends.
Gle

I am sure if Field's were around the sales figures for all the retailers would have been great and the analysts would have said what a great Holiday Season we had, forgot about the credit market crunch, foreclosures, housing values falling, companies laying off. People just did not want to shop because of the consolidation in the reatil industry. I guess the Nordstrom, Target and other reatiers customers did not get the word since their sales fell too
gle

Springfield, IL

#12 Jan 14, 2008
kristenA wrote:
<quoted text>Gle
I am sure if Field's were around the sales figures for all the retailers would have been great and the analysts would have said what a great Holiday Season we had, forgot about the credit market crunch, foreclosures, housing values falling, companies laying off. People just did not want to shop because of the consolidation in the reatil industry. I guess the Nordstrom, Target and other reatiers customers did not get the word since their sales fell too
Who said anything about Marshall Field's fixing the housing market! Field's just happens to be the last place worth spending any of my money on. Just like people who actually believe the newspapers. Newspapers are doing worse than the stores.

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