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Retailers See Weak Holiday Sales. Early results of the very important holiday sales season
suggest that sales have been weak. Analysts are saying that sales may have been
the weakest since 2008. MasterCard’s SpendingPulse is reporting sales rose just
0.7% over last year. Last month retailers Macy’s (M) and Target both posted
same-store sales that trailed analysts’ estimates. Target also is
reported to have 50% discounts on its highly-touted Neiman Marcus line.
After Christmas Sales. If
you’re like me I also like a great deal, so whether you are looking to take
back those lime green jeans or you received gift cards today to get deals. Some
retailers will be offer up to 70% off of merchandise.
Wal-Mart (WMT) stores will open at
5:00 am and will be offering 50% off Christmas candy, toys, and seasonal home décor
items. Select tops and bottoms are priced from $3.00 - $9.00. Pre-market: 68.53 -0.04 (-0.06%)
Toys-R-Us will open at 8:00 am and
is offering buy one - get one at 40% off on all video games.
Dick’s Sporting Goods (DKS) is
offering $15.00 off any athletic shoes priced at $59.00 or more.
Kohl’s (KSS) will open at 5:00am
and is offering deals of 60% - 70% off and early bird deals from 5:00 am to
1:00 pm.
Target (TGT) opens at 7:00 am today
and will have many of the top video games on sales for $39.99, along with other
store wide deals.
Kmart (SHLD) opens at 8:00 am and
is offer 50% off holiday items and 60% off winter apparel.
Markets:
Futures at 8:08: Dow +0.21%. S&P +0.21%. Nasdaq +0.12%. Crude +0.58% to $89.12.
Gold -0.05% at $1658.70.
Europe: London closed. Paris closed. Frankfurt closed.
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