← Autodidact Archive · Original Dissent · heritagelost
Thread ID: 11705 | Posts: 5 | Started: 2004-01-02
2004-01-02 15:33 | User Profile
Christmas sales were a big indicator of the growing divide in America.
Neiman Marcus, Saks Fifth Avenue, Nordstrom, and others all reported that Christmas sales are up. Meanwhile, Walmart and all the cheap stores reported that sales are down.
(Based on the teemed mobs that I saw filling up ever walmart during December, I find it hard to believe they did bad in Columbus.)
The people buying $100 shirts bought more and those buying $15 shirts bought less.
So when are the poor going to rise up an assert themselves against the corporate moguls that shipped their jobs to China or replaced them with Mexicans?
P.S. Nordstrom sucks
2004-01-02 17:01 | User Profile
Wal-Mart sales were up about 4%. I think that's the general average anyway, since the low-end retailers are the vast bulk of the purchases, not Saks and Neiman.
Plus, who really shops at Wal-Mart for X-mas gifts? Some, I suppose, but most of us go to Best Buy, Gap, etc (specialty stores) And besides, how would you know what % of Wal-Mart purchases were gifts, anyway?
What about soap, food, underwear, etc?
-J
2004-01-02 19:37 | User Profile
This has been going on for awhile, actually. Years ago when old companies like Sears and K-Mart were either restructuring or tanking, specialty stores couldn't keep up with orders for $1200 bedsheets and what-have-you.
Take it as advice: Even if you're only in business part-time, cater to the filthy rich or the safely retired. That's where the money is. :yes:
2004-01-03 04:26 | User Profile
I run a bussiness myself and my target audience is old men. All my good regular customers are old men that don't seem to care about money at all.
2004-01-03 04:28 | User Profile
Walmart claims sales was down. That is what they were telling the AP. I hate walmart anyway and nver go there, but I go to Sams' Club and during the month of December it looked like the Walmart next door was so packed that people were waiting in line for parking spaces.
[QUOTE=jay]Wal-Mart sales were up about 4%. I think that's the general average anyway, since the low-end retailers are the vast bulk of the purchases, not Saks and Neiman.
Plus, who really shops at Wal-Mart for X-mas gifts? Some, I suppose, but most of us go to Best Buy, Gap, etc (specialty stores) And besides, how would you know what % of Wal-Mart purchases were gifts, anyway?
What about soap, food, underwear, etc?
-J[/QUOTE]