Retail Stores Like Wal-Mart Prepare For Holiday Slump Because Of Real Estate Market
Companies like Wal-Mart are offering new gimmicks and even individual Christmas shops in order to help their sales during this holiday season. Many of the retail companies are concerned that you as a consumer are not going to buy more during the holiday season because of how terrible the real estate market has been and the general decline in the economy. It is expected that with Iraq the war will cost up to $2.4 Trillion dollars and people are generally becoming more and more fearful of losing money during this decline.
The National Retail Federation believes that growth will only be around 4% and not the larger 4.6% that happened last year. Now that might not seem like much to you, but understand that this is the biggest trade group and nearly 50% of the sales for retail companies comes during the holiday season.
Expect a lot more credit card offers with softer interest rates to help you spend easily during this holiday season to help companies like Wal-Mart thrive during this season. Many companies have already prepped for this possible downfall of the real estate market by cutting prices and trying to establish more small market mentality like companies like Wal-Mart. It looks like it will get worse economically in our country before it gets better.
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