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To: Glenn D. Rudolph who wrote (31242)	12/26/1998 5:15:00 PM
From: tonyt	Read Replies (1) \| Respond to of 164684

Any 'sales' on-line today? (why are the stores still so crowded? I though everyone shopped on-line ;-)) Retailers Offer Big Sales To Lure Holiday Shoppers Who Held Back Associated Press NEW YORK -- Big bargains lured shoppers to stores Saturday, pleasing retailers who hope a binge of after-Christmas buying will invigorate disappointing holiday sales. While some consumers returned unwanted gifts, many sought out deals on items they didn't get for Christmas or did some late gift buying. Discounts were spotted on everything from cashmere sweaters to television sets. Even with the strong economy and the boom on Wall Street, holiday season sales have fallen short of expectations, especially at department stores. One reason was warm weather, which not only hurt sales of coats and sweaters, but also made people more eager to be outside rather than in a mall. Last year, big sales gains after Christmas saved the season. Whether that holds true this year won't be known until most retailers release holiday sales figures Jan. 7. "The weather was just playing tricks on everybody this year," said Britta Monaco, marketing director at Lakeforest Shopping Center in Gaithersburg, Md. "Now, the merchants see the days after Christmas as a big opportunity." Many discounts were deeper than a year ago. The biggest price cuts came in apparel. At Macy's in Stamford, Conn., the same cashmere sweater that was selling for $79 days ago was on sale for $49. Fleece shirts at the Modell's Sporting Goods store in Philadelphia were 50% off. In Boston, Ann Nolan found a pair of shoes at Filene's department store for $15, marked down from $65. Fur coats at Rich's department store in Atlanta were drastically reduced, including a mink that was $7,500 marked down to $3,749. Many shoppers turned their thoughts to next Christmas, picking up decorations, wrapping paper and cards. Lines running 50 people long were reported at Hallmark stores around the country. "There are no doubt better deals the day after Christmas," said Sylvia Ferris, who bought some Christmas items at Filene's Basement in Manchester, Conn. Even stores that fared well this Christmas -- like discounters and those carrying home furnishings, computers and electronics -- were offering steep discounts. More than 150 people waited for a Target store to open in suburban Minneapolis, while most shoppers were buying rather than returning gifts at a Wal-Mart in Merrill, Wis. And there were shoppers who decided to splurge on themselves after Christmas. "Everybody else was taken care of before Christmas," said Gloria Layne, who was shopping at Lord & Taylor in Paramus, N.J.

To: Glenn D. Rudolph who wrote (31242)	12/26/1998 10:18:00 PM
From: llamaphlegm	Respond to of 164684

some readers who dare doubt the gospel in barron's Doubters To the Editor Here at Up & Up Stock Report, we share Mary Meeker's view (" 'Net Queen," December 21) that prices of Internet stocks have nowhere to go but up and up. And like Morgan Stanley, we're doing 'Net IPOs as fast as we can find them. Next week for investors with vision: Mr.Sneezy.com, a "must-view" site that will revolutionize the treatment of head colds. And Geeyourmousesmellsgreat.com, an exciting new portal operation run by a really sharp kid in Lodi, New Jersey (the area fast becoming known as Silicon Lodi). If you still haven't made your first billion, buy these stocks now! They're hotter than Furbies! CHRIS WIGERT New York City To the Editor An open letter to Mary Meeker: Dear Mary, My new company is Sellcash.com. On our Website, we're going to sell $1 bills for 95 cents. Once this catches on, we're going to sell fives for $4.75, tens for $9.50 and eventually twenties for $19. Because we expect the site to attract millions of hits and to grow exponentially, we intend to sell advertising and Mary Meeker T-shirts (with your permission, of course). The potential market is trillions of dollars (even without the T-shirts). I understand that your analysis doesn't take into account things like barriers to entry or even profitability. Therefore, I'd like to meet with you in person or via E-mail (like Tom Hanks and Meg Ryan) in order to persuade you that you should greet our IPO with a "very strong buy" rating. JAY RIEMER Stamford, Connecticut