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US stores lure hard-up shoppers | US stores lure hard-up shoppers |
(31 minutes later) | |
US stores have opened early and offered steep discounts to encourage consumers to part with their cash as the Christmas shopping season kicks off. | US stores have opened early and offered steep discounts to encourage consumers to part with their cash as the Christmas shopping season kicks off. |
Crowds of shoppers turned up at dawn to snare the best deals. | |
A worker died and at least three people were injured after being trampled by a crowd of shoppers at a Wal-Mart in the New York suburbs. | |
The day after the Thanksgiving holiday is viewed as an important test of how willing consumers are to spend. | The day after the Thanksgiving holiday is viewed as an important test of how willing consumers are to spend. |
Police said a throng of shoppers broke down the doors to the Wal-Mart store in Valley Stream, Long Island shortly after 5am, knocking the 34-year-old worker to the ground. | |
Electronics retailer Best Buy and department stores Kohl's and Macy's also opened their doors at dawn. | |
Toys R Us offered up to 60% discounts from 5am to 10am. | Toys R Us offered up to 60% discounts from 5am to 10am. |
Bargain hunters | |
Some shoppers queued up to bag the best bargains. | Some shoppers queued up to bag the best bargains. |
"The recession is kicking in," Tammy Williams, 36, told the Reuters news agency as she waited for a Kohl's store in New Jersey to open at 4am. | "The recession is kicking in," Tammy Williams, 36, told the Reuters news agency as she waited for a Kohl's store in New Jersey to open at 4am. |
"I'm just looking for a bargain, anything to save a couple of dollars. I'll save the rest for food shopping." | "I'm just looking for a bargain, anything to save a couple of dollars. I'll save the rest for food shopping." |
Analysts said that retailers will closely monitor store traffic and the amount of time spent in stores. | Analysts said that retailers will closely monitor store traffic and the amount of time spent in stores. |
However, deep discounts are likely to hurt profits even if shoppers turn out in droves. | However, deep discounts are likely to hurt profits even if shoppers turn out in droves. |
Many retailers have suffered as the US economy nosedives although value chains like Wal-Mart have fared better. | |
US retail sales recorded the biggest monthly decline since 1992 in October as consumers cut back on spending. |