Morning Coffee Pre-Market Wall Street News295 views 2012-12-26 08:35 Tags: sales important background saying white
Retailer See Weak Holiday Sales. Early results of the very important holiday sales season suggest that sales have been weak. Analysts are saying that sales may have been the weakest since 2008. MasterCard’s SpendingPulse is reporting sales rose just 0.7% over last year. Last month retailers Macy’s (M) and Target both posted same-store sales that trailed analysts’ estimates. Target also is reported to have 50% discounts on its highly-touted Neiman Marcus line.
After Christmas Sales. If you’re like me I also like a great deal, so whether you are looking to take back those lime green jeans or you received gift cards today to get deals. Some retailers will be offer up to 70% off of merchandise.
Wal-Mart (WMT) stores will open at 5:00 am and will be offering 50% off Christmas candy, toys, and seasonal home décor items. Select tops and bottoms are priced from $3.00 - $9.00. Pre-market: 68.53 -0.04 (-0.06%)
Toys-R-Us will open at 8:00 am and is offering buy one - get one at 40% off on all video games.
Dick’s Sporting Goods (DKS) is offering $15.00 off any athletic shoes priced at $59.00 or more.
Kohl’s (KSS) will open at 5:00am and is offering deals of 60% - 70% off and early bird deals from 5:00 am to 1:00 pm.
Target (TGT) opens at 7:00 am today and will have many of the top video games on sales for $39.99, along with other store wide deals.
Kmart (SHLD) opens at 8:00 am and is offer 50% off holiday items and 60% off winter apparel.
Futures at 8:08: Dow . S&P . Nasdaq . Crude
Europe: London closed. Paris closed. Frankfurt closed.Asia: Japan to 10230. Hong Kong to 22541. China to 2219. India at 19417.