Home / International / Opinion Tools: Save | Print | E-mail | Most Read | Comment
NY survey finds merchants anxious over holiday outlook
Adjust font size:

A survey conducted by the Retail Council of New York State shows that the retailers are worried about the coming holiday shopping season, according to a report available onwww.timesunion.com on Tuesday.

In the informal survey, council members reportedly acknowledged anxiety as they approach the holidays amid reports of low consumer confidence, rising unemployment and a malaise on Wall Street that has tightened credit.

In the Northern Hemisphere, the Christmas season or winter holiday season is a late-year season that surrounds the Christmas holiday as well as other holidays during the November/December timeframe, which is often regarded as the most important shopping season for businesses of many types.

The Retail Council, which is based in the capital city of New York state Albany, represents 5,000 stores in the state that vary in size and focus, from national chains to independent merchants.

Concerns are reportedly prompting some merchants to modify their seasonal game plans by adding more sales and promotions, particularly on luxury items, maintaining leaner inventories and stocking more lower-priced items, the report said.

Some retailers said they hope the changes they've already made -- such as new store locations or renewed emphasis on customer service -- will help offset the factors discouraging consumers.

Recent declines in gasoline prices also could help put more discretionary dollars back in the pockets of consumers, experts were quoted as saying.

About 325 member stores responded to the survey.

Many respondents are still holding out hope that gloomy forecasts about the upcoming holiday shopping season will brighten before the year ends, the report said.

(Xinhua News Agency November 12, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- US, EU on common ground to address financial crisis: White House
- Lula: financial crisis to help Obama's race for US presidency
- Bush: US authority able to solve financial crisis
- US economy still most competitive despite financial crisis: WEF
- The rot in US version of financial capitalism
- Financial stress leads to killings in US
Most Viewed >>
- Obama, Bush wrap up talks at White House
- China, Iraq sign oil service deal
- China expresses regret over Indian FM's remarks
- Japan protests over US nuclear submarine's uninvited port call at Okinawa
- Miliband clears up Britain's Tibet policy
> Korean Nuclear Talks
> Reconstruction of Iraq
> Middle East Peace Process
> Iran Nuclear Issue
> 6th SCO Summit Meeting
Links
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies