Tax Reform in This Election Year: It's Not Likely
Walmart's New Health Food Push: Is It Too Hard to Swallow?
It seems that retailers are ready to give up on pushing the practical gifts this holiday season in hopes that weary retailers are ready to unload some cash on higher-priced items. Retailers are hoping that socks and pajamas aren't on the list but large-screen LCD TVs and other fancier gifts find their way under the tree. The hope is that shoppers will buy into mainstream optimism.
A year ago, discretionary spending (items like clothing and home furnishings) dropped to 61% of total dollars spent, hopes are that this spending will increase to 63% this year (according to estimates from Customer Growth Partners). Such an increase would equal the percentage from 2008. While two percentage points may seem small, it represents an increase of roughly $60 billion.
"All I want for Christmas is my two front teeth" ...and toys made in America.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
