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Retail analysts Faith Hope Consolo and Burt Flickinger on the outlook for retail sales during the holiday season and through 2013.
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We have today is expected to be the biggest on the land line shopping day in history every year we've -- -- -- -- what I -- billion bucks in sales.
Our but you know think about a lot of folks are doing that work that's -- -- -- can't be doing on.
You know we do that here they they shoot us.
Nevertheless got separate.
Retail analyst they Pocatello -- -- -- joins us says the weekend was a kick off of the use holiday season and stores and online.
She's joined by strategic resource group's managing director of the Republicans are so faith.
The job issue notwithstanding.
Good numbers.
-- so platinum and it's really connect.
Looks really good I mean Thursday sales were fantastic.
Friday was so little there's the stores that open all the data and how -- that opened up that they would people online even Thursday.
Why did that what -- and everyone go on line that way whether they listening because they need the excitement of going into the stores -- -- -- that rats.
I do go shopping yet but I can't see you like getting tackled -- Well I didn't go to wal mine -- and -- but do you see for the first time full line department stores open Lord & Taylor was open on Thursday.
And then Friday it was a little -- to -- but the interesting thing is.
The indicate if a Black Friday the best black Friday's had not necessarily indicated a great season.
What we've got here working and not favour and maybe you agree -- is we have the longest lead time now this is the longest time between -- it has advertisements.
Have like five weeks -- days rather it could you put them.
-- -- That's right new best friend do you -- that that's something nice about my shoes and while I don't know are -- mining yeah you aren't quite.
So happy about this I I'm with faith.
1010 fingers up for offer online honor by anywhere from this have always the case every more people are doing an online -- billion dollars -- billion and still counting the end of the day it's flat screen TV but -- fired for ordering and -- -- Neil -- -- we're trying to -- the president details by our our team that network marching across.
America was then I'll wal marts and all the stores third Thursday all through the night into Friday to rows of family from Brooklyn said.
They came in all the victims from hurricane sandy.
Came -- for all the Wal-Mart items from eureka vacuum cleaners for 36 dollars and computers to replace TV's all the items were out of stock within less than an hour would they don't -- -- -- it -- -- I and that's what they all did is shopper track reported -- Stores and shopping malls and shopping centers Riordan's you're reading -- -- -- accounts were up.
But sales were down slightly but also because people weren't using mobile -- apps to pay last per purchase product.
Bob but they record to his face point record -- purchases online in those online sales will continue to surge -- Mr.
mrs.
-- to Rosa and shoppers we talked to him that I want California to Connecticut.
Said you know you know negative way where giants like where we're about it all we're worse were striking the big box stores like Wal-Mart that don't -- us.
I don't know lot online right it going all so.
But there are also going to sale as a sales a sale madness sales are gonna get better and this is what's gonna make this in right.
For the people wouldn't come in this week what what about bullies -- the White House's.
They're both seeing the latest are down Holloway is saying that that the fear that this nuclear right at a key.
The -- and -- wins and spend.
Now I think it's the the other part I think that padded enough with the White House that had it with this they've they have optimism -- nice -- sponsors learn and he was reelected.
-- I heard that but yet.
-- -- trying to ignore that I heard but I'll -- But let's remember this that people do still have jobs I -- to list timing of this is a once that you -- it -- even inherently optimistic that that.
You a little less so book where do you -- front for next year than male 4013 retail and restaurant reality.
Is a lot of full timers are being cut to part timers part timers are having their hours cut.
Purchasing power goes down retail sales restaurant -- announced.
Adobe creative you rim of the Wall Street -- have so they all went out all of these big trade -- -- sports franchises.
And then went and assessed though Billy didn't already -- or not all of them -- -- drove campus right okay -- by by yeah yeah did you have a.
Well it -- percentage -- this year -- last year.
I don't know I mean revision up by moving up from four point one I'm getting close around at four point seven today you really over the pilot -- -- -- and moving from three to down to 2.5 oh my god yeah net sales so I'm it and moving up from fifteen to 20% and I will agree on the Internet it's going to be big.
But they gotta go out -- they gonna buy household goods you write about that -- and that's gonna put us over the top and there's still the luxury biennial okay.
OK there is still the luxury yes and -- meets Jesus don't forget I've never when we come back he.
