Got yer turkey? Got yer fixins? Got yer new Flatron TV? MSN report that on Tuesday, Wal-Mart, the world’s largest retailer, announced its fourth price-slashing move since mid-October and said that it would have its most aggressive discounting ever this holiday season. Its rival, Target, vowed price cuts, too. That’s good for consumers, but probably bad for retail profits in the fourth quarter.By February, when retailers report fourth-quarter and full-year earning, Wal-Mart and Target may not be able to match the double-digit percent profit increases that they announced Tuesday for the third-quarter. And what’s bad for Wal-Mart and Target may be worse for smaller retailers. So, cards at the ready? Let’s charge into debt and kill small business!
Well Thanksgiving time always means great shopping....and it's the time when the entire nation goes out for some shopping...well hey please do drop by my Thanksgiving Blog sometime for some more info and news on Thanksgiving....have great Thanksgiving!!!!
ReplyDelete