Stores Cut Prices to Lure Bargain-Hunters. Did You Take the Bait?

Filed in Gather News Channel by on December 27, 2008 0 Comments

Two hours before the doors were set to open Friday morning, a Miami-area Wal-Mart parking lot was full of cars — and possibility. But in a Christmas shopping season in which many Americans were unwilling to spend, even a packed lot doesn’t always translate into holiday cheer for stores.

As stores offered rock-bottom prices and extended return policies, shoppers returned to the malls the day after Christmas. But many were on the hunt for big bargains on specific items or hoping to return unwanted gifts — not looking to splurge.

Holiday sales — which typically account for 30 percent to 50 percent of a retailer’s annual total — have been less than jolly. Job cuts, portfolio losses and other economic woes have led many Americans to cut back on their spending. Meanwhile, strong winter storms kept some would-be shoppers at home.

Read the rest of the story at Yahoo! News.

I don’t do a lot of shopping at any time, but especially not the big sales after Thanksgiving and Christmas. I don’t like shopping when it’s crowded, and when people are going crazy looking for bargains. When I read about that man who was trampled to death at Walmart, I just can’t believe people would act that way. It must be like some kind of temporary insanity.

For the people who work in these stores and depend on those jobs, I’m sorry that I’m not stimulating the economy by spending a lot of money. We’ve been very fortunate and have not lost our jobs, and we didn’t have any “portfolios” to lose. We were careful with our money before all this started, and we’re being even more careful now. The only thing I bought after Christmas was wrapping paper and cards, because they mark them down 50% and up to 80% off.

For the people who did some bargain-hunting over the holidays, I hope you found what you were looking for.  I know somebody has to shop or even more people will lose their jobs.

I wonder if my new Gather friends found their bargains or if they stayed home like me?

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