So as the holiday season enters its last few shopping days, it looks as if retailers aren't going the Black Friday route and offering deep discounts to draw in throngs of shoppers."It's a much more controlled environment," Saks CEO Stephen Sadove was quoted saying in the Wall Street Journal. Much of the reason for this is better inventory planning, industry observers say, a practice that has helped chains' bottom lines, even as sales continue to slide. Plus, there might be pent up demand out there after disappointing sales in November.Will this strategy work for chains, or is this holiday selling period bound to prove tough again for the industry?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
