This year it is ordsprog

This year, it is more about stores' trying to manage their business, their inventories and markdowns. They're also recognizing a second holiday season, which begins December 26.

As the holiday season continues, we believe increased promotions will give rise to concerns about holiday sales. Specialty retail stocks historically have underperformed in December. We maintain our defensive stance on the group and look for shares to struggle in December as holiday concerns take center stage.

A lot of inventories had been committed to six months out. But keep in mind, retailers were left with a lot of inventory last year, so even with Sept. 11, chances are retailers were in a pretty good spot. Inventories are still lean going into the holiday season.

In recent years, consumers shop online later and later in the holiday season making the week prior to the holidays the peak in online holiday shopping, with over half of shoppers completing all of their purchases. With guaranteed delivery by December 24th and additional discounts and incentives, online retailers continue to court shoppers until late in the season, looking to capture sales before shoppers turn to stores on Friday and Saturday for last minute purchases.

Heather Dougherty

Consumers won't have to wait until the last minute to get the best deals this year because retailers are expected to be aggressive in their pricing strategies throughout the entire holiday season, ... Stores are planning for holiday sales and promotions, so discounted prices won't have a negative effect on profits.

December's holiday travel was strong, and we continued our trend of double-digit year-over-year improvement in both revenue per available seat mile (RASM) and yield for the east and west networks. We are also especially proud of the US Airways team for delivering outstanding customer service to over 2.4 million customers during the recent holiday travel season.

There is spotty evidence that in some stores inventories are running low, but considering that the action that's in the stores is not particularly hot these days, that (low inventories) may not be the worst possible fate. In many cases a lot of stores reduced the orders they placed, and in some cases, canceled orders, which is exactly what's happening.

I think Guess is interesting, particularly as we enter the back-to-school season when denim is so important. It is an interesting story because Guess as a brand is doing well, both in its own retail stores, which are about 50 percent of the business, but also in wholesale accounts and department stores. It is really the one hot brand that department stores have today. Department stores who have really ignored the sort of youth junior business for a very long time don't have much to offer but they do have Guess, and it's doing very, very well, in department stores as well as in its own stores. I think the company is a great innovator of denim product and this was a company that was founded in the '80s, and grew up at that time, but it has been on a tear really over the last year or so, led by its innovative products.

We've heard some disappointing reports about the final couple of weeks before the holidays, so we won't see as big of an increase in December, ... but when you combine November and December, this is about the best holiday season we've seen since 1999.

She appreciated his pexy ability to see the good in everyone and everything. Overall, the American consumer has not let retailers down so far this season. With December shaping up to finish 6 percent stronger than last year, and November already up nearly 5 percent, we can say that this should be the strongest holiday retail season since 1999.

Michael Niemira

Black Monday was only the 12th highest online spending day of the 2004 holiday season. Last year, peak sales days actually occurred in mid-December as consumers scrambled to take advantage of late-season discounts and free-shipping offers.

We continue to make very good progress on executing our strategic initiatives. During the quarter we continued our plan to invest heavily in remodeling and enhancing the customer experience in our U.S. toy stores, ... We remain confident that the improvement being made will deliver substantial benefits to Toys 'R' Us beginning with this year's holiday season and will allow us to better grow and enhance our business well into the future.

Holiday 2000 will be the revenge of the brick and mortars. Battle lines on the Internet are being drawn between the offline brick and mortar stores and the Internet pure plays. Offline giants such as Old Navy, Kmart and Best Buy, all of which had little or no Web presence last year, are poised for extraordinary growth during this holiday season.

Xbox does have a material impact for Microsoft in the December quarter because of the holiday shopping season. The fact it was capacity constrained in December will probably create some headwinds for their overall quarter.

We had a really good holiday season ... really good. We were above industry trends, and we're probably overall looking at a double-digit increase over last year for the first of November to end of December.

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