Holiday Sales May Be Slow

Macy’s Promoting Blenders Signals Reluctant Consumer

             

Necessary practicality is the name of the game this shopping season. The lingering recession and a shift in consumer habits means spending on what you need rather than merely what you want, says Bloomberg.com. And retailers will be happy to oblige.

"Blenders and sweaters may rise in popularity this holiday season as consumers seek to replenish kitchens and wardrobes rather than spend money on luxury gifts.

Macy's Inc. is promoting oven mitts that are meant to be used as Christmas stockings and can be stuffed with kitchen gadgets. Wal-Mart Stores Inc. had its strongest sales in sleepwear, socks and underwear in the third quarter, the company said this month..."

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