Word: holiday
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...what Harvard hopes is a foreshadowing of things to come in tomorrow’s matinee against the Hoyas at the Verizon Center., Cornell defeated St. John’s last night, 71-66, to win the Madison Square Garden Holiday Festival...
...Senate vote on final passage of health reform almost scuttled their plans, but it looks like the First Family will still make it to Hawaii for Christmas. They've had a whirlwind holiday season so far, starting with the lighting of the National Christmas Tree, through hosting more than 50,000 people for 27 parties and open houses, and ending with a visit by the First Lady, Malia and Sasha, and the family's dog Bo, to deliver cookies to the Children's National Medical Center. The Obamas have also started their own holiday traditions in their new home, adding...
However, department stores, such as Macy's, Dillard's, Bon-Ton Stores, JC Penney, Neiman Marcus, Nordstrom and Saks, will likely be squeezed to bring in the biggest markdowns as these retailers typically rely on the holiday season to generate between 45% and 50% of their operating profits, says Karen Ghaffari, a managing director at Fitch Ratings...
Nevertheless, many shoppers have been procrastinating in the hopes of scoring lalst-minute gifts at bargain-basement prices. As of mid-December, the average consumer had completed only 46.7% of their holiday shopping, according to a survey conducted by BIGresearch for the National Retail Federation. This was down considerably from the 54% who had finished their gift-buying at the same time in 2005 through 2007, says Kathy Grannis, a spokesman for the NRF. According to the survey, about 42 million people, or 19.1%, had not even started their shopping as of Dec. 16 while only 8.6% had finished...
...general, retailers that have focused on value, such as TJ Maxx, Kohl's Corp., Aeropostale, Children's Place, the Gap and Old Navy, have fared the best this holiday season and will likely resort to shallower discounts in the last two shopping days, says Jaffe. Best Buy, J. Crew and UrbanOutfitters have also performed well and are therefore unlikely to stray beyond planned promotions this week, he says...