Artorius Castus

Despite economy, malls and stores jammed

Posted in Uncategorized by Patrick Truax on November 24, 2007

AP Business Writer

AP Photo/Damian Dovarganes

NEW YORK (AP) — Malls and stores were jammed for pre-dawn discounts on everything from TVs to toys on the official start of Christmas shopping as consumers shrugged off worries about rising gas prices and falling home values.

The aggressive tactics – bigger discounts and expanded hours like midnight openings – apparently worked Friday. Based on early reports, Macy’s Inc., Toys “R” Us, K-B Toys Inc. and others that pushed big price cuts, reported bigger crowds for the early morning bargains than a year ago. Target Corp. and Wal-Mart Stores Inc., said they were also pleased with the shopper turnout.

I guess today is media bias today. There is nothing wrong with the economy and by most accounts, most retailers are quite pleased with yesterday. I guess the AP just cant stand to print news without a negative angle..


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