← Back to All Videos

Retail Responds To Depressing Sales Figures With Ho Ho Ho!

Blog Aug 22, 2013

So far this year, retailers are worried they will be left with a lump of coal instead of gold coins in their stocking come year end and have moved up their holiday schedule in an attempt to turn around disappointing sales figures.

In a press release, Toys R Us signaled that it would extend the guarantee to match prices from online retailers like Amazon.com, Walmart.com, Target.com and BestBuy.com, as well as others. The move was designed to be perceived as, “Removing any doubt before holiday shopping begins in earnest that customers are receiving the best available prices.”

“All year long, but especially during the holidays, our customers need a low price leader,” remarked Duncan Mac Naughton, chief merchandising and marketing officer for Walmart. “This year, we are committed to doing everything we did last year to help Americans save money—plus more. More savings, more layaway items and our commitment that they can give their families a great Christmas on a budget.”

Prosperity in the fourth quarter is frequently the key to healthy financial status at the end of the year, and in a difficult economy the competition for customer can get vicious, said Dave Cheatham, managing principal for Velocity Retail Group. “Retailers are determined not to be left on the sidelines,” he stated. “They’re reinventing the rules on how to do holiday shopping.”

Indeed there is some logic for the Christmas-in-August thinking. “We do know that 40 percent of holiday shoppers say they begin shopping before Halloween,” observed Kathy Grannis, spokeswoman for the National Retail Federation. The prevailing wisdom is that if it can move even a few customers, it can be a substantial plus in a tight market.

We here at ITM Trading think it is not too early to consider how wondrous it would be to have some amount of precious metals under the tree, either for loved ones or for ones self. We would enjoy sharing our knowledge of the precious metals market and dispel any of the mystery of how to buy gold coins. Please feel free to call us, toll-free, at 1 888 OWN GOLD (1 888 696 4653). Ho, Ho, Ho.

Sources & References In This Article

Similar Posts

Blog Jan 3, 2024

The Great Taking: Understanding the Shift in Global Debt | A Deep Dive into Financial Collateral

Learn More
Blog Dec 19, 2023

Is the U.S. Dollar in Crisis? Exploring Currency Markets, Inflation, and Bank Downgrades

Learn More
Blog Dec 8, 2023

From Treasury Outflows to Inflation and Consumer Anxiety, how far will it go?

Learn More
Blog Dec 8, 2023

Your Safety Is Not Their Concern

Learn More
Blog Sep 29, 2022

What’s Driving Energy Prices Up? Will the Crisis be worse than the 1970s?

Learn More
Blog Sep 15, 2022

Underneath the Surface: Recession or DEPRESSION?

Learn More
Blog Jan 9, 2020

REAL OR FAKE GOLD, BIG VS SMALL BANK DEPOSITS… Q&A with Lynette Zang and Eric Griffin

Learn More
Blog Nov 28, 2018

ENTERING THE MINEFIELD: Is Your Armor Ready? By Lynette Zang

Learn More

Not Sure What Works for You?

Our team has over a century of combined experience in guiding our customers to the best products is for their wealth protection and preservation goals. Call us today.

888-696-4653
or schedule a call

Schedule A Strategy Session

Get Your Free Protection Guide

Stay Informed

Receive the latest updates regarding the economy.