As I read the paper this morning, I wasn't surprised to learn about the drop off in holiday sales this year. But, wow, a 34+% drop in luxury items such as jewelry! Even the rich are scaling back? Or are we settling for necessities?
The drop in electronics and appliances (over 25%) means there should be some clearance sales and opportunities. Too bad I already bought my new 32" LCD for the bedroom. That I got online on Black Friday.
I have been shopping for electronics and cameras on line for years. I do not understand why others do not follow. You do all the research on line for the best items to buy. Why not purchase on line?
No reason that I see, once you learn to do the same research work on the merchants. I try to protect myself as much as possible. I want someone with a phone number I can call. I would like to pay with PayPal if I can.
I always search for a "promo code" with the name of the merchant before I purchase. Who knows what kind of a further discount I can get? It works with GoDaddy!
Speaking of online sales, they were down also, by over 2%. But, on the opposite side of the paper another story ran about Amazon.com. Seems this year was their very best year!
I am optimistic that online sales will grow at a faster pace than normal retail sales. In fact, I am putting my efforts into it.