Discount stores in 2010
2010 Discounting Forecast: Retail and Auto
Filed in:
Commentary,
News,
Recession,
Target,
Wal-Mart
Holiday sales were relatively strong in 2009 and the economy is showing a bit of life, so don't expect major discounts on consumer items this year. As US News & World Report notes, inventories are way down and companies don't need bargain-basement sales to stay afloat, although you'll still find some good buys in select categories.
"For consumers, 2010 may not look very different from 2009 when it comes to discounts. Companies in the apparel, jewelry, and home furnishing industries are planning to keep their inventories low to cut operating costs, which means fewer large discounts for customers, says Marshal Cohen, chief industry analyst for the NPD Group, a market research company. Click here to find out more!"Consumers right now are still hunkered down, and even though economy is improving, we still have double-digit unemployment and a housing market that is in flux," says Scott Krugman, vice president of industry relations public relations at the National Retail Federation..."
