Sunday, November 27, 2005

Wal-Mart Puts Shine On Lackluster Holiday Sales

As if it was no surprise holiday sales are off to a slow start "LINK" except for Wal-Mart.
Don't we hear that every year? We all bitch and moan about Wal-Mart, but someone, somewhere seems to be spending money at Walley World.
"The chief economist for the International Council of Shopper Centers says that while Friday's numbers are a bit flat, they may be misleading, because 2004 was so strong."
So are you saying it was a good Black Friday? I'm confused. Maybe they want us to believe it's a bad spending season so that we will feel sorry for the retailers. Yeah, that's it..........
Another Quote:
"According to MarketWatch, credit-card company Visa said that total spending on its branded credit cards on Friday grew about 14 percent from last year to over $3.9 billion, a good initial indication for strong holiday retail sales." "LINK"
Looks like VISA is pleased, 14% increase over last year. I guess you could say VISA is going to have a good holiday season.

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