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Black Friday sales preview: Discounts win but Wal-Mart loses

Thursday, November 24, 2011 - 04:02

Nov. 23 - Thomson Reuters Proprietary Research analyst Jharonne Martis says November same store sales are expected to come in at a healthy 3.2 percent, with strength in the discount sector, excluding Wal-Mart.

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Can have pent up demand according to Thomson Reuters projections for November things stores failed. It looks consumers will be hitting the mall this holiday shopping season your -- markets follows all three for our proprietary research unit here at -- -- He joins me now to preview Black Friday and beyond human but. That's the bigger picture we got some data for October today that said actually personal spending. Barely budged even -- incomes grew at their fastest pace since March. What expectations in terms of consumer spending this month. All the way through the holidays -- Clinton on that October is usually the month where consumers take a break from back to school shopping right before the holiday season. So it usually is a slow -- -- and it picks up an -- and our expectations are for a healthy 3.2 percent. Which is very good considering they're facing very difficult comparisons from last year. Now when you look at the whole holiday season in general that's expected to be the strongest that five years at play point 4% yes. He's still not doing that well so retailers must have some plans to get people and in part -- their money on it. Well first of -- their opening their stores. But opening statement earlier this year while I just opening at 10 o'clock. Calls me is opening at night and so that's how are -- -- because there aren't consumers apparently. But also we have social media and then sending mass emails to their content to their consumers letting them know to. Download the latest app so -- -- shopping in the stores. Was he -- coupons. On to buy the best value for that day and so how what separate you from margins and they're knocking prices down is that back problem when the patents -- -- company like apple average takes the sale won't hurt their margins. But for a company like that -- it that could hurt the bottom line. What parts of retailing are you forecasting to have the strongest sales will be more sub par. So the best runners excluding well aren't expected to be the strongest at 6% followed by home furnishing four point 3%. Cops got the dollars -- is expected to do very well. What in the home furnishings that we're seeing high -- Wal-Mart when. Because Obama is actually expected to be and one of the weakest performers at one point 6% so the discount sector in general is expected to post a two point 9% growth. -- at the holiday season when you're excluding Wal-Mart it's it's an increased to 6% that's huge difference they're gonna be the strongest groups. Most this pounders with the exception of Wal-Mart expect it to do and what's the problem there. While mark has lost a lot of its market share to the dollar stores especially during the recession. And out there trying to go back in there lower value masses which they want to regain to making those those consumers have the luxury side of retail usually that's immune from many economic issues this year. While for retailers that have us a presence in Asia they're expecting very well when you look at Tiffany's. I jewelry is always a favorite during the holiday season Tiffany's is expected to post it seven point 7% growth. For the holiday season but most of that strength is coming from Asia. Widget which is boosting their cells where it fourteen point three same store sales that's very. Any other particular stand out that you -- looking good today as one of our favorites there expect both the strongest things -- sales for the holiday season at 11%. We're also looking and Taylor at they've been doing about a significantly. -- when you black Friday night. That you're going to be off. In a mall on Long Island and Friday morning -- action that I have a report from unit at 7:30. On her morning columns are. I will definitely do that and try to lobby talking to look forward to you're on the ground report that's what's going through and it's good to see you think that having me. I'm Rhonda schaffler at this writers.

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Black Friday sales preview: Discounts win but Wal-Mart loses

Thursday, November 24, 2011 - 04:02