Sponsors
Billabong ▼ -0.010 | PPR ▲ +0.20 | American Apparel ▲ +0.08 | The Buckle ▲ +0.73 | Columbia ▲ +1.31 | Deckers Outdoor ▼ -0.15 | Dicks ▲ +0.70 | Foot Locker ▲ +1.26 | Genesco ▲ +0.80 | Iconix Brand Group ▼ -0.04 | Jarden Corp ▼ -0.26 | Nordstrom ▲ +1.35 | Luxottica ▼ -0.43 | Nike ▼ -0.04 | Pacific Sunwear ▲ +0.03 | Skullcandy ▲ +0.05 | Sport Chalet ▼ 0.00 | Urban Outfitters ▲ +1.67 | VF Corp ▲ +0.37 | Quiksilver ▲ +0.05 | Zumiez ▲ +0.92 | Macys ▲ +0.91 | Tillys ▲ +0.21 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

KNOWSHOW: Video recaps from the Vancouver trade show.

MOSS ADAMS CAPITAL: Geofrey Haydon on the deal that saw the owner of Royal Robbins invest in Evolv.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Deep discounting continues at malls

By Tiffany Montgomery
December 23, 2011 7:27 AM

A story today in the New York Times highlights something I’ve seen all holiday season at shopping centers – extreme, storewide discounts at lots of major retailers.

 

The discounts mean retailers were too optimistic about holiday sales, built too much inventory, and are now panicked and trying to clear it, analysts said.

 

Ann Taylor is offering 50% off the store, Gap 60%, J Crew 30%, Abercrombie & Fitch 40%.

 

An analyst quoted in the story said those stores were attracting most of the traffic, while retailers with more modest discounts were slower.

 

Overall, holiday sales were up slightly as of December 17 - .5 percent – vs. the same month last year, according to ShopperTrak.

 


More on: holiday shopping

Articles You Might Have Missed