Retail Holiday Hellhttp://www.fool.com/investing/general/2008/11/24/retail-holiday-hell.aspx Dayana Yochim
November 24, 2008
Did someone cancel Christmas? It sure feels that way.
The panic is palpable: Stores festooned with holiday decorations since October; preseason Black Friday-level markdowns getting deeper every week; high-end retailers using lowbrow promotion tactics.
In normal times, the holiday season is make-or-break time -- with some retailers picking up 40% or more of their sales in the final weeks. This year, it's do or die. Literally.
Heading into Bleak Friday
Circuit City's just a preview of what will likely become the most disastrous holiday season on the books -- one that we'll likely look back on as the beginning of the end for some of the retail sector's stalwart players. Unprecedented signs of desperation are on display everywhere:
As we head into Black Friday -- one of the biggest retail sales days of the year -- consumers have yet to take the bait. Suffice it to say, the outlook is far from festive.
Retail code red
We've taken an in-depth look at the state of retail going into the holiday season, identifying the companies that we think have a winning recession formula -- and the ones that may not survive through the holiday season of 2009. Read on for: