Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (4644)	12/26/2002 5:08:35 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 25522

I'd like to ask your opinion about this item. Relevant parts high-lighted. The gist is that this year in 26 days sales were $113B. Last year, in 32 days, sales were $127B. Shouldn't they add one more week to the selling period ? Either the week before thanksgiving, or the week after Christmas ? How much would one more week of sales add to this year's figure. Approximately ? So basically, in 20% fewer days, sales were 11% lower. Is that bad ? -------------------------------------------- Holiday sales down 11 percent in 2002 -- survey by Allen Wan Holiday retail sales fell 11 percent from year-ago levels in 2002, ShopperTrak RCT's National Retail Sales Estimate (NRSE) reported. Despite aggressive discounting throughout the month of December, U.S. retail sales for the 26 shopping days between Thanksgiving and Christmas totaled just $113.1 billion. By comparison, during the 32 holiday shopping days in 2001, sales totaled $127.3 billion. "Sales expectations for this holiday season were relatively low throughout the industry given the tough economic conditions, threat of war and lingering weakness in the job market," said Michael Niemira, lead consultant for the NRSE. "As the season draws to its conclusion, it is now evident that those low expectations were justified." It noted that Christmas Eve retail sales declined by 0.9 percent from the same day in 2001 --------------------------------------------- bigcharts.marketwatch.com