Sales rise, retailers optimistic
By LOU WILIN
Retailers report stronger Black Friday sales this year than last year and they are cautiously optimistic about the rest of the Christmas season.
“So far, so good,” said Debbi Baker, store manager of Christopher & Banks, a women’s clothing store at Findlay Village Mall. “My Black Friday was better (than last year’s).”
David Lazar, store manager of Elder-Beerman at the mall, was cheerier.
“We are happy. We are very, very happy,” with Elder-Beerman’s sales numbers last weekend, he said.
National and regional research companies reported slight sales increases last weekend from a year ago.
In Ottawa, Walmart Manager Shane Sidle is patient.
“Things have been steady, steady with last year,” he said. Sales will probably strengthen in the 10 days before Christmas, Sidle said.
“The last couple of years, that is how it has been,” he said.
The recession has lowered retailers’ sales expectations, and rightly so.
“Consumers are very leery about spending money over the holidays,” said Scott Testa, business administration professor at Cabrini College, Radnor, Pa.
Retailers are coping by spreading out the shopping season. Christopher & Banks at the mall got its Christmas season inventory in early November, three weeks earlier than usual, said Baker, the manager. She even got resort wear, outfits women will wear on trips in the next season. Baker does not usually see those until mid-December.
“They kind of bulked me up, and whatever I have got, it has to go,” she said.
In Fostoria, Kmart Assistant Manager Bridget Weslow said the store’s layaway policy “is what is keeping people coming in.”
Testa said people this year are seeking more practical gifts, like tires, tools and car wax instead of, say, jewelry.
But flat screen TVs and video game systems are still hot items, Sidle said.
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