GO
Loading...

Enter multiple symbols separated by commas

No Shortage Of Discounts

Holiday sales may be running slow, but that’s not for a lack of discounting by retailers.

Analysts Colin McGranahan of Sanford C. Bernstein and Kimberly Greenberger of Citigroup agreed on that point on “Power Lunch”.

McGranahan said he’s been surprised that discounting has been so deep, saying “vendors are driving prices down” in areas such as consumer electronics. “Promotions have been very intense, says McGranahan, who attributes part of that to greater competition. Costco, for one, is “a bigger player than in the past.”

Greenberger -- referring to “big discounts in apparel” amid unseasonably warm weather – said shoppers would be “loading their baskets” with clothing.

Retail

Latest Special Reports

  • From left: Sergey Brin, Dick Costolo, Ryan Seacrest

    Code Conference, from those who produced D: All Things Digital Conference, addresses the impact of digital technology on our lives and businesses.

  • Financial Advisor

    Featuring CNBC's Financial Advisor Council, this video series will aim to educate investors with straightforward financial advice.

  • Waitress tablet

    Trailblazers leveraging the power of technology and innovation to grow their business—and disrupt the competition.