November 29, 2013 |
At 6 a.m. on a chilly Thanksgiving, hours before most Americans awoke, let alone began roasting their turkeys, Manny Rios Jr. was rushing into a Kmart store in Burbank. Fueled by free coffee and doughnuts catered by the retailer, the 47-year-old North Hollywood postman, his son Alex, 19, and a few dozen others steered their carts past fully staffed cash registers and a glittering display of Christmas trees. Rios' targets: a $39.99 7-inch Android tablet discounted more than 40%, a $179.99 RCA television that was 25% off and a Proscan DVD player marked down to $14.99 from $29.99.
November 24, 2013 |
As the hardiest of shoppers prepare for the annual Black Friday consumption frenzy, many are convinced it's their one shot at a great deal. But "that's not even close to the truth," said Matthew Ong, senior retail analyst at online personal finance company NerdWallet Inc. Bargain hunters can - and, in some cases, should - avoid the Black Friday weekend crush, several experts said. Many characterize the shopping bonanza as an expertly marketed ploy to capitalize on shoppers' fear of missing out. By dangling a small batch of irresistible savings, stores land hordes of hopeful shoppers all scheming to score the retail version of Willy Wonka's golden ticket.
November 6, 2013 |
Falling in line behind the likes of Macy's, J.C. Penney, OfficeMax, Kmart and more, Staples is joining the horde of retailers opening its doors on Thanksgiving without bothering to wait for Black Friday. The office supply chain will open on the holiday for the first time in its history, welcoming bargain-hunters at 8 p.m. before closing at midnight. The next day - the traditional holiday shopping kickoff - Staples will reopen at 6 a.m. The company also surveyed more than 1,000 consumers and found that two-thirds are equally as likely to buy gifts online as they are in stores.
November 4, 2013 |
Kmart is going on a holiday all-nighter, opening for bargain hunters at 6 a.m. Thanksgiving morning and keeping the lights on for 41 straight hours. Sister company Sears also is gearing up for an overnight shopping marathon, welcoming patrons at 8 p.m. on Turkey Day and running special deals until 1 p.m. the next day. The effort will be the longest test of endurance in both retailers' history. The day after Thanksgiving has long been considered the kickoff to holiday shopping.
October 16, 2013 |
Add another potential casualty of Washington's gridlock: the holiday shopping season. The congressional stalemate that brought about a partial government shutdown has rattled Americans already spooked by years of economic weakness. And the uncertainty could stretch into 2014, with debate continuing over the federal budget and debt limit. The shaky consumer confidence is pummeling sales forecasts for the holiday season, a crucial period that can account for up to 40% of a retailer's annual revenue.
October 11, 2013 |
Forget summer, forget fall. In L.A.'s home furnishings marketplace, the name of the season is change. As consumers fluff homes for the holidays, the rush of new stores and expansions is enough to daunt even the most devoted shopper. A sampling of the comings and goings: Bobby Berk Home: The company that describes itself as “California chic” opened its first store here last week after establishing its brand in New York, Atlanta and Miami. Berk, 31, said his space in the Helms Bakery complex is something of a test site for his just-released line of contemporary sofas, chairs, dressers and tables, all made in downtown L.A. Other names familiar to fans of modern design - Bend, Loll, Fermob - fill out the shop.