The moves illustrate how important the holiday shopping season is to retailers. It's a roughly two-month period that accounts on average for 20 percent of the retail industry's annual sales.
Wal-Mart and Target, in particular, have a lot to prove this holiday season. Both are heading into the holiday shopping season with turnaround plans they launched after being battered by the economy and their own mistakes.
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2 comments:
Got a surprise for them.. The coming "shopping" season will be a BUST. Despite what our government is telling us, the average person is now in an economic depression due to the govt taking everything. There is very little left for discretionary spending.
12:07 I hope American consumers are wising up. Buying Chinese junk contributed to our economic morass.
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