Interviews
Post-Christmas sales disappoint retailers
28 Dec '07
1 min read
Although, buyers generally wait for Christmas to approach, before indulging in a shopping spree, this year however, around 9.4 percent of the festive shopping was done after Christmas.
Experts believe that shoppers are likely to spend nearly US $2.3 billion for household and entertainment products, while an average of $938 million may be spent on clothing and footwear.
Post-Christmas scenario stood true to the expectations. Shops opened earlier than the other day with the hope with a cut in prices, discount seekers and card recipients would pull up the sales.
Estimates showed 3.6 percent increase from Thanksgiving to Christmas, compared to a 6.6 percent jump in the previous year.
Some of the shops even offered as much as 50 percent off on certain selected products and although post-Christmas shopping lasted for about a week, it is likely to get extended into mid-January this year.
Experts believe that shoppers are likely to spend nearly US $2.3 billion for household and entertainment products, while an average of $938 million may be spent on clothing and footwear.
Post-Christmas scenario stood true to the expectations. Shops opened earlier than the other day with the hope with a cut in prices, discount seekers and card recipients would pull up the sales.
Estimates showed 3.6 percent increase from Thanksgiving to Christmas, compared to a 6.6 percent jump in the previous year.
Some of the shops even offered as much as 50 percent off on certain selected products and although post-Christmas shopping lasted for about a week, it is likely to get extended into mid-January this year.
Popular News
Leave your Comments
Editor’s Pick
C Devarajan & P Raajashekar
Texvalley
Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
