Monday, November 29, 2004

Unspectacular sales due to bargain hunting or unexpectedly robust sales at high prices?

Are these guys reporting the same story? Check out these two stories on the weekend's holiday shopping.

But consumers were mainly snapping up bargains, not full-priced goods, fueling retailers' expectations for a solid -- not spectacular -- Christmas.

--Reuters, Nov. 28, commenting on weekend holiday shopping

Near-record crowds turned out for the holiday shopping season's Thanksgiving weekend kickoff, bringing with them unexpectedly robust sales gains to many malls and retail chains across the country....

Much of the action took place at higher price points. "It's the upper end that's really carrying the day,"...

--The Wall Street Journal, Nov. 29, commenting on weekend holiday shopping