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Stores Offering Deep Discounts After Christmas

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  • Description

    Retail expert Burt Flickinger weighs in

  • Duration 3:22
  • Date

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What's -- retail guru Burke -- injured out who says these are looking more like desperation.

It's -- it's great to see -- not tell -- I woke up this morning with an email box full.

A deep discounts not just average stores from the big luxury retailer Saks Bloomingdale's -- desperate.

-- -- -- With the warmer weather in the last few months have been panels sell coats sweaters a lot of fleeced so -- they have to move their merchandise down there your hands.

-- and they're under profit pressure and top -- pressure to.

We make it out just today this make -- Monday I mean the weather.

It got cold -- we just heard from Deirdre there's no football today we've had an extra Saturday.

In a shopping season and no northeast blizzard as we had last year.

Although it all those things will work well thirty minute thirty million dollars a minute in sales will exceed over 25 billion dollars today.

-- entered a reference to be one of the top three days of the holiday season very similar sales almost a Black Friday so it should be very very strong issue -- OK very very strong compared to last year because we know we started out the shopping season with a big -- black pride -- -- strong but that there was a lull.

Very lackluster numbers coming through that those ending weeks in November and through December right now so how will we end the year vs last year.

Better.

Because of the weather also better because of the -- extension and the payroll tax so lot of people were postponing purchases for -- may have less in -- beginning the year.

Now that's a little bit of a supplement so people -- spend more for feeling a little better about their income situation.

You know that's an important point you make about congress.

The economy as a whole is tough unemployment is stubbornly -- how much pent up demand was there working -- basically.

Prioritizing -- and you know I'm going to wait until Christmas time until holiday time to spend.

My dollars which are very victory.

Not not not is -- free flowing as I'd like them today.

-- the -- last few weeks people waiting Honecker -- Christmas Kwanzaa.

I spend for family and friends from maybe not for himself or herself so people.

Who won -- do I get a gift for.

For oneself decided at the last minute and also were looking for deeper bargains as you reference -- desperation discounting.

-- and -- that shoppers outsmarting the stores and using their mobile devices to comparison shop.

I'm land vs online and know that the longer they wait the more -- -- I have to wonder if the retailers will be able to turn a profit considering these -- -- counts and pressure on margins.

Great point Lauria best -- and missed earnings and then missed inventory doesn't need to drastically affect the people couldn't get their stuff it was such a bad move by best buy.

And and -- -- Professor from University of Memphis sent from the philosophy department.

Big black -- for best buy forever lot of shoppers won't won't go back.

Target on this key deliveries wal mart's website crashed so what were so what we're seeing is a lot of shopper dissatisfaction.

For the retailers and -- up two quick and bricks and clicks trying to compete with Amazon and zappos.

Where the traditional standbys.

The all -- -- saying can I JC Penney consistently high customer service sense that last points -- returns back in Indian summer as well double digits -- nine point nine maybe 10% plus hyper flicking your pleasure wonderful to talk to agree to team up all right happy how.

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