OK, we can now move on the phase 2 of the survey!
Now that you’ve seen what you got and what you gave – how do you rate Christmas?
We’re hearing some horrible retail sales numbers with luxury goods down 35% and electronics off 27% nationwide. As I expected per comments below, people were right to wait as an entirely new markdown cycle is on us already as retailers are desperate for this weekend to save them or they will be sitting on a whole lot of dead merchandise in January.
Gift card sales were down 40%, this may not bode well for January retail sales either so let’s hear your impression of the holidays – was the turkey smaller, was the wine cheaper, were the gifts more restrained? If you review the comments we had so far, you’ll see how we were right on target with our observations. As I often say, I’ll take the casual comments made by our group over and dozen "analysts" on CNBC anytime!
