Diamond earrings at Macy’s were chopped to $249 from $700. A Marc Jacobs bag at Saks, originally $995, fell to $248.45. And for men, a Ted Baker suit at Lord & Taylor was selling not for the usual $895, but for $399.99.
Such crazy prices are a sign of the times, and analysts expect many more such deals during one of the toughest holiday seasons in decades.
As the latest T. J. Maxx slogan goes: “Every day is Black Friday.”
But the retailers are just getting warmed up.
The Toys “R” Us chain is planning the deepest discounts in its history on Friday, with 50 percent more doorbusters than last year. Other retailers are promising that their deals will be even more striking than the sales they have already unveiled — with Wal-Mart, for instance, promising large flat-panel televisions for less than $400.
Such bargains are likely to set the tone for the shopping season to come.
Over all, J. C. Penney, which plans to open at 4 a.m., will have 20 percent more specials this year than last year, like a five-piece luggage set for $38.88. “We’re selling some items purely intended to drive that traffic in,” Mr. Hicks said.
Comments: Imagine the sales after Christmas? As previous posts show, hundreds of retail companies are either going bankrupt or on the verge! As stated above bargains will be like this for time to come. Knock off another 25% after Christmas. I would be waiting!
FULL ARTICLE HERE
I don't know of a single family who is shopping 'as normal' this year. Most are choosing gifts that are more practical, or meaningful. I think it's awesome! And what kind of person buys a bag, Marc Jacobs or not, for almost $1,000 bucks! I think our greed has gotten the best of us.
ReplyDelete