Christmas 2005: Bargains Galore!
If you are among the a lot of millions of Americans who will probably be shopping this holiday season for gifts for loved ones, buddies, and business associates, you will be inside the driver's seat in terms of obtaining the very best rates. Numerous events this past year have merchants scrambling to set rates low sufficient so that you are going to shop and shop massive. Let's take a look at how these events are shaping the retailing landscape and how you are able to make it all perform to your advantage.
<b>High Oil Prices</b> Hurricanes Katrina and Rita pushed already high fuel costs to record levels. Even though off of their peak levels, costs are nonetheless also high for a lot of shoppers who feel pinched and are likely to reduce back on spending. Factor in Hurricane Wilma and this can be a difficult year for several.
<b>Rising Mortgage Rates</b> Incremental increases in mortgage rates means that mortgage bills are going up, taking away from cash that might be used elsewhere. House sales stay steady, so businesses like Property Depot are most likely to benefit, while department shops will likely be scrambling.
<b>Credit Card Changes</b> Our nation's new bankruptcy laws coupled with credit card firms requiring greater minimum payments will surely put the squeeze on for some. Not necessarily a poor issue to need larger payments, but the timing couldnt be worse.
On-line retailers possess a fantastic opportunity to capitalize on consumer's reticence. With lower overheads, free of charge shipping, and access to a large pool of inventory, look for on the web purchasing to jump up once more this year.
For brick and mortar retailers, expect that the motto, If you cut prices sharply, they'll come, to hold correct. Stagnant inventories cost cash to keep; moved merchandise means funds that may be applied towards the bottom line.
Look for aggressive sales and also price wars this holiday season as merchants redouble their efforts to reel you in. They've to; for some their quite survival depends on your patronage.
Shop wisely!
