Jump to content
Carlo Klemm

Department stores could have a ‘sobering’ Christmas,

Recommended Posts

Carlo Klemm

Department stores could have a ‘sobering’ Christmas, Credit Suisse warns

August 9, 2019

by Lauren Thomas - CNBC

Excerpt:  This holiday season could be a “sobering” one for America’s department store chains, warns Credit Suisse analyst Michael Binetti.

He told clients in a note Thursday to expect a “wave of lowered guidance” as Macy’s, J.C. Penney, Nordstrom and Kohl’s start to report fiscal second-quarter earnings next week.

****

Department stores have been hit hard by investors this year.

Macy’s shares have fallen more than 30% this year to trade around $20; Nordstrom has lost about 35% of its value to around $30; Kohl’s shares are down about 24% since January to around $50; and Penney’s stock, having tanked more than 33%to under $1, putting it at risk of being delisted from the New York Stock Exchange.The holiday season is typically a time for retailers to shine, with companies relying on the heavier traffic to boost their businesses, which could be sluggish during other parts of the year. If department s

Source

  • Sad 3

Share this post


Link to post
Share on other sites
Black Hills Santa

Personally, I think Amazon is putting the biggest hurt on department stores, versus anything else. The consumer can stay at home and compare prices without crowds, spending money on gas, etc.

  • Like 3

Share this post


Link to post
Share on other sites
Schwindy
9 hours ago, Black Hills Santa said:

Personally, I think Amazon is putting the biggest hurt on department stores, versus anything else. The consumer can stay at home and compare prices without crowds, spending money on gas, etc.

When I can, THAT'S HOW I SHOP, and if I need it right away then and only then do I "go out to go shopping for things"

Share this post


Link to post
Share on other sites
Black River Santa

I always try to "shop small" at my local area stores whenever I can and even prefer the mall to Amazon, since it creates jobs contributes to the local economy. Give them time and they'll even try to replace Santa and his elves with robotic sorting and packing machines and  Amazon drones...

  • Like 2

Share this post


Link to post
Share on other sites
Black Hills Santa
7 minutes ago, Black River Santa said:

I always try to "shop small" at my local area stores whenever I can and even prefer the mall to Amazon, since it creates jobs contributes to the local economy. Give them time and they'll even try to replace Santa and his elves with robotic sorting and packing machines and  Amazon drones...

You know, you made me think: I can honestly see an ad campaign and/or a movie or show with Santa using drones to deliver gifts because he's tired of the sleigh. While it would most likely not be well received, look at the garbage that spews out of Hollywood already!

  • Like 2

Share this post


Link to post
Share on other sites
Black Hills Santa
16 minutes ago, Black River Santa said:

I always try to "shop small" at my local area stores whenever I can and even prefer the mall to Amazon, since it creates jobs contributes to the local economy. Give them time and they'll even try to replace Santa and his elves with robotic sorting and packing machines and  Amazon drones...

Just saw this picture:

67669033_2809430192404428_8145952174661173248_n.thumb.jpg.0c4c7d9b4dfed2fc8968d304c176b91a.jpg

  • Like 4

Share this post


Link to post
Share on other sites
Santa Bill Reiller

I try to shop local just to support the local businesses when I can.  Especially the local Farmers Market.

  • Like 2

Share this post


Link to post
Share on other sites
Tommy

You most likely are aware that McDonalds has the electronic menu/ordering devices in place.  I try not to use those, I prefer actually giving my order to the cashier.  I still like going to the store to see the item I want to purchase, but some things I have no choice but to purchase online.  Things change and sometimes not necessarily for the better.

  • Like 3

Share this post


Link to post
Share on other sites

  • Donations

    All donations go directly towards the cost of hosting and running ClausNet!

    Your support, through donations or simply by clicking on sponsor links, is greatly appreciated!

    Donate Sidebar by DevFuse
  • Our picks

    • Every Once in A While
      Every once in a while I see some flagrant abuses of Santa’s appearance and etiquette. It strikes me some men don’t care about how they act or portray the beloved character of Santa.

      Gentlemen, you undertake an awesome responsibility when you button up your Santa Suit. Don’t take it lighty!

      The “World” has an image of Santa as represented by illustrations, traditions and personal contact. Believe it or not, you’re being measured by those who see you for your authenticity.

      You’re fooling yourself if you believe that no one notices or cares if your bead is yellow or unkempt. Maybe you’re also missing a few of those pearly whites, or they are stained from tobacco products. Again, don’t fool yourself….kids notice everything! I have a gold crown capping one of my lower teeth. Every once in a while, I have an inquisitive youngster question what that gold thing is in my mouth. Years ago I thought it was well hidden however; kids have uncanny radar to pick out any of our flaws….

      You may be asking yourself, “What difference does it make? “It’s not the Christmas Season.” Maybe it isn’t however, If you’re representing Santa, you’re representing one of the most recognizable characters in the world. What you do reflects upon me and every Santa reader of this article. If you’re going to be recognized then do justice to the character we are reenacting.

      Over the years I have been a Santa, I have frequently been by told by people about the Santa they hired or saw which left a very poor expression. Most of their comments were predictable. Their Santa did not interact with the children as expected or he was unprepared. He was unanimated, had a dirty suit or lack luster beard. Obviously these are sure fire ways never to be called to this group again.

      Think about what impression you make as a Santa and pay attention to developing your character. You can become one of the best Santas in your area by learning everything about your character and performing from the heart.

      Always remember: It's not about you. It's about the children.

      Santa Lou Knezevich is the creator of the Legendary Santas Mentoring Program
      Contact Santa Lou at: LegendarySantasMentoringProg@gmail.com
        • Love
        • Like
      • 0 replies
    • If You Have the Post Christmas Blues You’re Doing Christmas Wrong
      The post-Christmas blues are a very real thing. Once the date of December 25th has passed the specter of December 26th is an ominous marker to many. It sits there on the calendar like the Ghost of Christmas Yet-to-Come. Silent and foreboding, the very image of the hooded Angel of Death it seems to be. And why not?

      Just about anywhere you look Americans are tossing trees to the curb, ripping down lights from rooftops and radio stations are flipping back to everyday music. What took months to build gets deconstructed in a matter of a couple of days.
        • Sad
        • Like
      • 26 replies
    • Auld Lang Syne
      Every New Year’s Eve at the stroke of midnight, millions around the world traditionally gather together to sing the same song, “Auld Lang Syne”. As revilers mumble though the song’s versus, it often brings many of them to tears – regardless of the fact that most don’t know or even understand the lyrics. Confusion over the song’s lyrics is almost as much of a tradition as the song itself. Of course that rarely stops anyone from joining in.
        • Wow
        • Like
      • 3 replies
    • Merry Christmas, My Friend
      Every year around this time, some variation of this poem is circulated online. The poem is generally credited to “a soldier stationed in Okinawa” or more recently since September 11, 2001, “a Marine stationed in Afghanistan”.

      However, the poem’s true author is Lance Corporal James M. Schmidt.

      Originally entitled, “Merry Christmas, My Friend”, Corporal Schmidt wrote the poem in 1986 while serving as Battalion Counter Sniper at the Marine Barracks 8th & I, in Washington, D.C.

      That day the poem was placed in the Marine Corps Gazette and distributed worldwide. Schmidt’s poem was later published in Leatherneck (Magazine of the Marines) in December 1991.
        • Sad
        • Love
        • Like
      • 1 reply
    • Is it time to start calling out Bad Santas?
      Is it time to start calling out Bad Santas?

      Do you think we should start calling out those in our community whose actions or behavior is unbecoming of Santa Claus or Mrs. Claus?
        • Like
      • 94 replies
About | Forums | Blogs | Newsletter | Contact


© 2019 MJR Group. LLC. All rights reserved.
Terms of Use | Privacy Policy | Copyright IP Policy

Proud affiliate of My Merry Christmas!

Subscribe to the ClausNet Gazette

Enter your email address to subscribe to our monthly newsletter.

About ClausNet

The ClausNet community is the largest social network and online resource for Santa Claus, Mrs. Claus, Elves, Reindeer Handlers, and Santa helpers for the purposes of sharing stories, advice, news, and information.
×
×
  • Create New...