Home / Knowledge / News / Economic downturn likely to affect Christmas shopping – Walmart
Economic downturn likely to affect Christmas shopping – Walmart
01
Oct '08
In 3,500 stores across the U.S, Walmart reduced prices on some of the most popular toys, signaling its determination to be America's price leader this Christmas. And over the next 10 days the retailer will fast track the opening of Christmas shops in stores nationwide.

And Walmart's moves are right on the mark, a new survey shows. Consumers said they will start their Christmas shopping earlier and make other changes to help stretch their holiday cash.

"As consumers face higher prices for energy, a credit crunch and food inflation, we're working to provide low prices on both everyday needs and on things people want so they can live better," said John Fleming, executive vice president and chief merchandising officer.

"Consumers know we've been on their side all year with great brands, every day low prices and our Rollback program. And this Christmas will be no different."

The 2008 Holiday Shopping Intentions Survey, conducted on behalf of Walmart, was designed to learn what's on America's Christmas list this year, and what the gift buying priorities are for this coming Christmas season.

In addition, this survey measures how the recent economic downturn may affect things ranging from how much consumers will spend on gifts, whom Americans will be shopping for, to how much people plan to give in charitable donations during the holiday season. It also measures attitudes of the much talked about Walmart mom.

The survey finds more than one-third of Americans buy gifts for their children first. Walmart has identified 10 popular toys, priced each at $10, to help parents get a head start.

The toys are:
• Barbie and her dog, Tanner
• Barbie Mariposa (a beautiful butterfly-winged Barbie)
• Play-Doh Ice Cream Shop
• Assorted Littlest Pet Shop VIPs
• Hot Wheels Trick Tracks
• Hot Wheels Beast Bash
• Fur Real Newborn Animals
• Tonka Light and Sound Vehicles
• Doll Stroller
• Backugan by Spinmaster

In addition to these great values, Walmart.com is currently accepting pre-orders for the highly-anticipated release of Elmo Live. The latest Elmo will be available in-stores and online on October 14, but customers can reserve their Elmo

Throughout the season, Walmart.com will offer free shipping with Site to Store on thousands of toys.

Walmart Garden Centers will become the destination for all things Christmas, including trees, tree ornaments and decor; indoor and outdoor string lights; and additional outdoor decor.

Customers will find amazing values, including $5 ornament value packs offering a choice of 24 small, six medium or two large ornaments in 11 beautiful colors.

Walmart's decision to focus on price and bring Christmas to life early is reinforced by the Holiday Shopping Intentions Survey.


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search