Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES


Current DateTime: 06:28:11 10 Jul 2009
LinksList Documentid: 23279679
Expiration DateTime: 7/10/2009 6:30:39 PM

ABOUT THIS BLOG

Get RSS Feed

It's a make-it or break it time for retailers. The holiday selling season is always a critical time for retailers, but this year this may be even more true. With several retailers already falling victim to a drop in consumer spending, and filing for bankruptcy, retailers will be navigating through some tricky waters. Consumers are strapped for cash due to high energy and food prices, and unemployment is rising. The recent credit crunch has made it more challenging for retailers and consumers to borrow.

This blog will look at the winners and losers in the retail space. Who has the right strategy to capture consumer dollars? It also will look for trends in consumer spending and how that will impact the economy.
 
Text Size
Nov.11
4:58 PM ET
Tuesday, 11 Nov 2008
Finally, a Cheery Holiday Forecast for Retailers

If retailers get sick of blaming the economy for their troubles, there’s always the weather.

Shoppers on the east coast may not have to brave the elements to deck the halls this season.

But that may be a little more difficult this year for retailers in the East North Central and Southeastern regions of the U.S, according to Planalytics, a consulting firm that tracks business and weather trends. They see some of the most favorable weather trends for retailers in those areas, with cooler weather helping to drive sales of seasonal purchases in those regions.

Retailers across the country should benefit this holiday season from fewer deliveries from Mother Nature, like snowstorms that prevent customers from traveling to stores and malls, Planalytics said.

"Consumers are buying at the point of need, making weather matter more important than ever before," said Scott Bernhardt, chief operating officer of Planalytics.

This played out in October, particularly in the eastern half of the U.S., where sales of electric blankets, firewood, cider, cough and cold medicine and soup benefited from chillier temperatures, compared with the same time last year.

Also, with shoppers hitting the malls less often, retailers need to make the most of every trip. (Not to mention the fact that this holiday season will have the second-shortest number of shopping days between Thanksgiving and Christmas. )

The firm is advising its clients how to best schedule their staff to make the most of the workers they have, which is especially important given that many retailers have hired fewer seasonal employees to help with the Christmas crunch.

What to do when the nasty weather strikes? For retailers with Web sites, it’s time to roll out the email promotions in order to catch customers online.

Recent Holiday Central Posts:

Questions? Comments?
© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon


Current DateTime: 03:49:59 10 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:09 10 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 04:47:57 10 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:05:34 10 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters