News / Economy

Despite Deep Discounts, US Malls See Fewer Holiday Shoppers

Malls: Fewer Shoppers, Shorter Linesi
X
December 24, 2013 9:59 PM
Market research shows number of visits to brick and mortar stores fell between five and seven percent compared to the same weekend last year. But as Mil Arcega reports, the shopping season may not yet be over.
Malls: Fewer Shoppers, Shorter Lines
Despite deep discounts and longer shopping hours, some malls are reporting fewer consumers and shorter shopping lines in the final days leading up to the Christmas holiday, an observation corroborated by market research reports.

Analytics firm RetailNext says the number of visits to brick and mortar stores fell between five and seven percent, compared to the same weekend last year.
While the numbers might indicate a tough year ahead for retailers, some analysts say the shopping season is not over yet.
 
“There’s a few things happening here," said Chris Christopher, director of consumer economics at IHS Global Insight. "One thing is the shift to online.  However there is one weekend shorter this holiday shopping season than last year.”
 
All told, Christopher says, this holiday season could turn out to be the weakest since 2009. But the National Retail Federation says it’s too early to tell, and that it plans to stick to its forecast of a 3.9 percent increase over last year, says spokesperson Kathy Grannis.
 
“Our forecast really is based on an economic expectation, and overall we do feel that retailers are on pace for a healthy holiday season," said Grannis.
 
The Federation estimates holiday sales between November and December will top 600 billion dollars, including the 13-to-15 percent increase in the number of people who shopped online this year.
 
Jason Schlefer, a manager at Best Buy, predicts a surge of last minute shoppers.
 
“We’ve really seen it ramp up in the last few days," he said. "So obviously you’re getting people with a heightened sense of urgency.”
 
For most retailers, the holiday season is crucial, accounting for as much as 40 percent of a store’s annual profits. Grannis says how retailers fare in that window is important because it provides a snapshot of the country’s economic health.
 
“Consumer spending alone contributes nearly 70 percent of the GDP, and we know that the 3.1 trillion dollars that we see from retail is one of the biggest parts of our growing economy.”
 
There are more than 3.6 million stores in the United States — employing more than 42 million Americans.

You May Like

How to Safeguard Your Mobile Privacy

As the digital world becomes more mobile, so too do concerns about eroding privacy and increased hacking More

'Desert Dancer' Chronicles Iranian Underground Dance Troupe

Film by Richard Raymond is based on true story of Afshin Ghaffarian and his friends More

Obesity Poses Complex Problem

Professor warns of obesity’s worldwide health impact More

This forum has been closed.
Comment Sorting
Comments
     
by: LIES from: USA
December 26, 2013 1:22 PM
Deep discounts?? That is an outright LIE!! Prices are inflated months before, to then give the ruse of a "discount" come the holiday season. Great Journalism, VOA, bravo!!
In Response

by: Cranksy from: USA
December 27, 2013 12:30 PM
Making a question out of the above person's statement: how do supply-and-demand purist explain when the demand for some products in the USA is highest are the prices lower.

by: Dr. Q. Martin from: USA
December 26, 2013 1:19 PM
Are these people shopping for discounted goods or are they auditioning for George A Romero’s next zombie blockbuster? Instead of spending time with their families during the “season of goodwill,” hordes of people descended on luxury outlets in London to feverishly consume whatever they could get their hands on. Images posted on the Daily Mail website show shoppers displaying just as much enthusiasm for obtaining designer bags as zombies did for gorging on human brains in Dawn of the Dead.

“A spokesman for Selfridges said that the queue for the sales began at 11.30 last night – more than nine hours before the doors opened to customers,” states the report. Whether you are a Christian or not, Christmas is supposed to be a time where we appreciate how lucky we are by understanding that the people around us matter more than the pursuit of physical objects. But that kind of thinking is obviously alien to these zombies, whose rampant materialism has disconnected them from basic human qualities.

As previously highlighted, these kind of hyped up sales are nothing but a complete hoax. Mindless shoppers aren’t even getting the great discounts they cherish since retailers artificially inflate prices of goods in the months before the sales in order to make the subsequent discounts look good in comparison. In addition, even if shoppers do manage to grab some genuine discounts, they will invariably buy another product that has a 98 per cent mark up value. From a wider perspective, it’s becoming increasingly difficult to differentiate between Romero’s Dawn of the Dead zombies and Black Friday/Boxing Day shoppers. Given their slow movements, the living dead would stand little chance against these rampaging consumer zombies.

by: Cranksy from: USA
December 25, 2013 12:01 PM
Merry Christmas (or your equivalent ) to my VOA moderator.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Rolling Thunder Run Reveals Changed Attitudes Towards Vietnam Wari
X
Katherine Gypson
May 25, 2015 1:32 AM
For many US war veterans, the Memorial Day holiday is an opportunity to look back at a divisive conflict in the nation’s history and to remember those who did not make it home.
Video

Video Rolling Thunder Run Reveals Changed Attitudes Towards Vietnam War

For many US war veterans, the Memorial Day holiday is an opportunity to look back at a divisive conflict in the nation’s history and to remember those who did not make it home.
Video

Video Female American Soldiers: Healing Through Filmmaking

According to the United States Defense Department, there are more than 200-thousand women serving in the U.S. Armed Forces.  Like their male counterparts, females have experiences that can be very traumatic.  VOA's Bernard Shusman tells us about a program that is helping some American women in the military heal through filmmaking.
Video

Video Iowa Family's Sacrifice Shaped US Military Service for Generations

Few places in America have experienced war like Waterloo. This small town in the Midwest state of Iowa became famous during World War II not for what it accomplished, but what it lost. As VOA’s Kane Farabaugh reports, the legacy of one family’s sacrifice is still a reminder today of the real cost of war for all families on the homefront.
Video

Video On Film: How Dance Defies Iran's Political Oppression

'Desert Dancer' by filmmaker Richard Raymond is based on the true story of a group of young Iranians, who form an underground dance troupe in the Islamic Republic of Iran. This is the latest in a genre of films that focus on dance as a form of freedom of expression against political oppression and social injustice. VOA’s Penelope Poulou has more.
Video

Video Turkey's Ruling Party Trying to Lure Voters in Opposition Stronghold

Turkey’s AK (Justice and Development) Party is seeking a fourth successive general election victory, with the goal of securing two-thirds of the seats in Parliament to rewrite the constitution and change the country's parliamentary system into a presidential one. To achieve that, the party will need to win seats in opposition strongholds like the western city of Izmir. Dorian Jones reports.
Video

Video Millions Flock to Ethiopia Polls

Millions of Ethiopians cast their votes Sunday in the first national election since the 2012 death of longtime leader Meles Zenawi. Mr. Meles' party, the Ethiopian People's Revolutionary Democratic Front, is almost certain of victory again. VOA's Anita Powell reports from Addis Ababa.
Video

Video Scientists Testing Space Propulsion by Light

Can the sun - the heart of our solar system - power a spacecraft to the edge of our solar system? The answer may come from a just-launched small satellite designed to test the efficiency of solar sail propulsion. Once deployed, its large sail will catch the so-called solar wind and slowly reach what scientists hope to be substantial speed. VOA’s George Putic reports.
Video

Video FIFA Trains Somali Referees

As stability returns to the once lawless nation of Somalia, the world football governing body, FIFA, is helping to rebuild the country’s sport sector by training referees as well as its young footballers. Abdulaziz Billow has more from Mogadishu.
Video

Video With US Child Obesity Rates on the Rise, Program Promotes Health Eating

In its fifth year, FoodCorps puts more than 180 young Americans into 500 schools across the United States, where they focus on teaching students about nutrition, engaging them with hands-on activities, and improving their access to healthy foods whether in the cafeteria or the greater community. Aru Pande has more.
Video

Video Virginia Neighborhood Draws People to Nostalgic Main Street

In the U.S., people used to grow up in small towns with a main street lined by family-owned shops and restaurants. Today, however, many main streets are worn down and empty because shoppers have been lured away by shopping malls. But in the Del Ray neighborhood of Alexandria, Virginia, main street is thriving. VOA’s Deborah Block reports it has a nostalgic feel with its small restaurants and unique stores.

VOA Blogs

World Currencies

EUR
USD
0.8957
JPY
USD
120.93
GBP
USD
0.6393
CAD
USD
1.2199
INR
USD
63.470

Rates may not be current.