by: Briana Briggs
Sales are rapidly declining this Christmas season, with retail sales declining by 3.12pc from July to September. The good news for retailers, however, is that September’s figures recorded the lowest drop in monthly sales during 2010. Rent and wage costs were modified by 11.56pc and 15.79pc.
Stores across the nation are getting ready for this year’s Christmas but are still worrying about how much to stock on their shelves. For many retailers, holiday business accounts for as much as forty percent of revenue and profits.
Target held Christmas sales early enough for people to shop before things get too pricey.
Senior Tiffany Fienhage said, “Now with myself having a job, my goal is make this Christmas so joyful for my younger brother and also take some stress off my parents. I believe we all deserve one day to be spoiled with no anxiety or expenses.”
Yearbook adviser Amy McTague, who like many others wants to save money, said, “In terms of this year’s budget, gift giving is out of the question as well as spending time with family out of state.”
Even though stores are trying to sell enough this Christmas, seasonal gifts for family and friends in the current economic situation seems difficult.
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