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The Selling Panic Begins: A Summary Of Retailers' "After-Christmas" Deals

Tyler Durden's picture


As the holiday spending season draws to a close, there has been a huge schism between hope and reality once again as captured by these two numbers: 3.9% and -3.5%. The first, aka hope, is how much the national retail federation predicted holiday sales would rise by at the start of the holiday season; the second, aka reality, is how much in-store retail sales declined by in the week before Christmas. So what is a despondent retail industry - which unlike the stock market can't put off delivering results forever - to do? Why bet it all on a huge after-Christmas surge of course. 

As USA Today reports, some online sales, including at and, start on Christmas Day. And for sales die-hards, many Wal-Mart and Kohl's stores will open on Thursday by 5 a.m. "This is an especially big time for people who got gift cards to come and spend on what they didn't get for Christmas," says Sarah McKinney, a Wal-Mart spokeswoman. It is also the single-most popular day to redeem Target gift cards. Then again, one wonders just how hacked those are...

A quick summary of the panicked retailers' biggest sales incentives and deals to offload all leftover inventory heading into 2014 is presented below (via USAToday)

  • Buy one, get one free. Macy's rolls out buy one, get one free deals on many men's dress shirts and designer suits, says spokeswoman Elina Kazan.
  • Cheap appliances. Sears is offering up to 40% off on appliances for shoppers who use their Sears card to purchase appliances over $499, says spokesman Brian Hanover.
  • Free Gas. Kmart is offering its "Shop Your Way" members 50 cents per gallon gas discounts when they spend $25 or more on specific Procter & Gamble products.
  • Half-price toys. Target, hit by a credit card and debit card breach that affected up to 40 million consumers, plans sales of up to 50% off select toys and 40% off thousands of apparel items. The sales have no relation to and were not affected by the data breach, says LaFromboise.
  • Items 25% to 50% off. Wal-Mart stores will have "thousands" of items at 25% to 50% off, says McKinney. Among them: a Nintendo 3DS XL System for $199.96 — plus a $50 Wal-Mart gift card, with purchase.
  • $10 coupons. J.C. Penney will offer coupons for $10 off purchases of $25 of more in a Christmas Day circular and also a coupon that can be printed from its website. The coupons are good through Dec. 28, says spokeswoman Daphne Availa.
  • Hot toy deals. Buy one, get one 40% off on some red-hot toys, including Skylanders figures and accessories, at Toys R Us, through New Year's Day. The same offer applies to all video games. The post-Christmas deals are three days longer than last year, says spokeswoman Linda DeNotaris.
  • Big incentives. At Kohl's, shoppers who spend under $100 will save an additional 15% off nearly everything in the store, while those who spend over $100 will save an additional 20%, says spokeswoman Jen Johnson.
  • 33% off men's wear. Nordstrom's Half-Yearly Sale for men, which reduces prices as much as 33%, begins online Dec. 25 and in stores Dec. 26, says spokesman John Bailey.

Finally, for those who are not tempted by consumer culture and the buy 1 get [   ] free deals, there is always the stock market with its just as tempting blue light special to BTFATH.... again and again.... courtesy of the Fed.


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Thu, 12/26/2013 - 09:01 | 4276464 bullionbaron
bullionbaron's picture

US retailers scramble to offload Chinese made goods to consumers.

Meanwhile, in China, consumers scramble to buy Gold.

Thu, 12/26/2013 - 09:15 | 4276484 Headbanger
Headbanger's picture

Yes we can't!

Because Obama.

Thu, 12/26/2013 - 09:21 | 4276492 malikai
malikai's picture

Something I never understood about that whole gas-for-shopping thing..

Retail margins on gasoline are unbelieveably small..

If I show up and buy my proctor and gamble crap, take the $0.50 off per gallon and fill up a 200 gallon trailer tank, how the hell are they going to make money on that deal?

Thu, 12/26/2013 - 09:21 | 4276498 Seasmoke
Seasmoke's picture

As the price of gas has gone higher and higher. The number of gas stations I see closed has gone higher and higher. 

Thu, 12/26/2013 - 09:28 | 4276503 malikai
malikai's picture

My wild guess would be that's because more expensive gas = less cash to buy shit inside the gas station..

Starving the gas stations of their margin.

Thu, 12/26/2013 - 09:30 | 4276506 negative rates
negative rates's picture

I used to pay about 80 cents a gal for kerosene in 1996, about $1.50 in 2003 and it's now way over 4$/ gal. Moral of the story, everything goes to hell unless YOU prop it up.

Thu, 12/26/2013 - 09:38 | 4276525 Bobbyrib
Bobbyrib's picture

Everything is being propped up..except the average worker's wages. Welcome to the recovery.

Thu, 12/26/2013 - 09:49 | 4276543 j0nx
j0nx's picture

That's OK. Rest easy because the CEO and executive salaries are climbing exponentially to make up for that. The money is there, it's just being redistributed upward.

Thu, 12/26/2013 - 11:19 | 4276691 Ying-Yang
Ying-Yang's picture

The week after Christmas is the last gasp for brick and mortar stores to make a push.

As margins are slashed to dump excess inventories, part time workers will be laid off in droves.

Throughout 2014 the corporations will decide whether to dump employees out onto the healthcare marketplace or absorb the increases. My guess is they will use the marketplace as a way to lower corporate healthcare expenses to help their shrinking bottom lines.

Employees who are dumped will see for themselves how bad Obamacare is and there will be more anger among the sheep than usual. With lower profits, unhappy employees, retail sales are going to take a big hit. Yellen will reverse taper and print 100+ QE to no avail.

Majority of people finally get pissed off in 2014. Turning point?


Thu, 12/26/2013 - 14:58 | 4277239 SDShack
SDShack's picture

Your analysis is correct, but it won't be a turning point. Just more Red versus Blue drama. The bottom line is the repugs get stronger, the dumbcrats weaker. But spending increases, debt increases, bailouts continue, taxes increase, costs increase, wages decrease, amnesty is passed increasing the FSA, but token cuts are made to the FSA benefits, and the MIC is strengthened. Same as it ever was. The never ending march to the New Feudal World Order continues. The sociopath powers that be won't be stopped unless something unexpected rallies the masses against them. That won't happen until the masses are starving in the streets. We are a long way from that. Plan accordingly.

Thu, 12/26/2013 - 12:04 | 4276771 bidaskspread
bidaskspread's picture

They should go upwards, they're not companies anymore, they are empires. Then there is so few of them that any competition out there to drop the salary and bonus is limited. When was the last time you heard a CEO let go because he made to much? Now think of how many lower level employees were let go because they made to much so they brought in a entry level employee to replace them at a fraction of the cost. Look at Microsoft search for a, CEO, having a tough time finding one when there 1000s of people looking for work. If you want their wages to come down, break up the empires.

Thu, 12/26/2013 - 12:41 | 4276859 Clowns on Acid
Clowns on Acid's picture

The Fed is being propped up....

Thu, 12/26/2013 - 09:46 | 4276534 insanelysane
insanelysane's picture

Gas stations do run on very low margins so as the price of gas rises the mom and pop operations can't afford to restock the tanks.  

If you have a 10,000 gallon tank and it cost you $3.40/gal then it is $34,000.  If you sell it for $3.50, you make $1,000 to live on.  However, if you need to refill the 10,000 gallon tank at $3.50/gallon, you need to plow your profit back in.

Thu, 12/26/2013 - 09:32 | 4276508 nasdaq99
nasdaq99's picture

Time to start the store closing watch:

SHLD 2500 stores

JCP 1100 stores

RSH 5500 stores

CWTR 350 stores

BAMM 250 stores

Anybody else on teh banana peel?


I'm seeing 150 year old stores and business closing everywhere.  Hall mark Cards, Jewelry stores, Fur stores, Lumber Yards, on and on and on.  Amazon & Ebay killing them all off. 

Thu, 12/26/2013 - 09:34 | 4276512 nasdaq99
Thu, 12/26/2013 - 15:36 | 4277330 mkkby
mkkby's picture

Last few times I went to any of these stores (years ago) I saw NOTHING I wanted at any price.  I don't understand why anyone bothers shopping any more.  The selection is so bad I'm forced to shop online for anything but the basics. 

The stores suck so bad you have to shop online to find anything decent.

Thu, 12/26/2013 - 09:37 | 4276522 Winston Churchill
Winston Churchill's picture

Those commercial leasing REITS should be be good to short about now.

Many have to refinance about now.

A toxic mixture.

Thu, 12/26/2013 - 12:32 | 4276844 hairball48
hairball48's picture

Yeah, and refi into a rising rate environment...on top of increasing on-line sales.

Toxic indeed.

Thu, 12/26/2013 - 09:42 | 4276529 czardas
czardas's picture

The JCP  in the mall was bare. I talked to a buyer who said they took a chance and severely limited their Christmas orders...and it worked.  The mall, though, was a disaster.  Christmas Eve I parked close, walked in, bought a few things without a wait then left with little traffic - unbelievable.   The only busy stores were Apple, Google, coffee and food.  It was ghost town in clothing, shoe, book stores (last one just announced a closing) and jewelry.  

A new form will have to arise - one that Sears is experimenting with.  The store is a gathering place (food, etc) and merchandise is display only. All buying is done on the internet and delivered (by drone? LOL)   The guy I talke to said it may be possible that actually visiting a store will be a novelty in the future.  Not sure if that works but it has to beat what's currently in place.

Thu, 12/26/2013 - 09:47 | 4276540 Headbanger
Headbanger's picture

Wait til the sheeple realize that they can live just fine without buying all the shit they don't really need.

Thu, 12/26/2013 - 10:48 | 4276617 nickels
nickels's picture

Get rid of your phones and cable tv- keep the internet. Use Skype (2.99 all you can eat/month) and Mohu antenna ( in attic mount or roof $150. one time purchase gets you 10-20 digital network and public tv within 60 miles crystal clear) If you've still got time on your hands get Netfilx for $9. per month and watch every movie and tv show ever made. Otherwise your throwing away about $200. per month. ( Ok, this only works if you're at home, office, or at a wifi spot. If you HAVE to talk while driving, get a tracphone but try not to crash into me) Happy New Year.

Thu, 12/26/2013 - 12:31 | 4276835 SilverFish
SilverFish's picture

That will work for the time being, but the inflation will quickly flow to all of the things you mentioned above.


"THEY GOt YA BY THE BALLS!!!!" - Carlin

Thu, 12/26/2013 - 12:42 | 4276875 hairball48
hairball48's picture

I did some of that. I got rid of TV going on 3 years ago. I have a good cable connection (internet only) for all my entertainment as well as shopping, banking, personal communications, etc. And yeah I agree on Netflix, a good deal at $8.99/month. A lot of good shows and no commercials to insult you :)

I lead a pretty simple, frugal life. Semi-retired boomer. I don't need a lot of "stuff" to live a full life. I live in some of America's most beautiful country, if you like "outdoors stuff" :)

I read ZeroHedge for "indoor" fun!!


Yeeeehawwww for us rednecks!!

Thu, 12/26/2013 - 15:05 | 4277252 RaceToTheBottom
RaceToTheBottom's picture

Went antenna only last year.  Am cancelling land line this year.

I hope they die a horrible death

Thu, 12/26/2013 - 11:28 | 4276707 Ying-Yang
Ying-Yang's picture

"I talked to a buyer who said they took a chance and severely limited their Christmas orders...and it worked"

Sadly if you don't have merchandise to sell you don't have gross profit to pay expenses which remain the same. Sounds like a "Going Out of Business" plan to me.

Thu, 12/26/2013 - 09:51 | 4276545 corporatewhore
corporatewhore's picture

The sears experimentation was ron johnson's bankrupt implementation at jcp. 

If you went behind the walls at jcp to the basement or wherever they normally kept inventory, there wasn't any.  Everything was out for this make or break season.

the loyal employees can now expect to be laid off and stores shuttered.  After all, doesn't human resources always say no one commits suicide over the holidays.  Idiots.

Thu, 12/26/2013 - 11:50 | 4276751 Jumbotron
Jumbotron's picture

Pretty soon the malls will be nothing more than a place to play a zombie apocolypse scneario in Airsoft battles.

Thu, 12/26/2013 - 12:10 | 4276784 U4 eee aaa
U4 eee aaa's picture

Could it be the JCP purchasing manager was a ZH reader? ;)

Thu, 12/26/2013 - 21:50 | 4278205 dark pools of soros
dark pools of soros's picture

where do you live??  there are some malls that will stay flooded till everything else crumbles...  (KOP)



Thu, 12/26/2013 - 10:13 | 4276575 nasdaq99
nasdaq99's picture

WINA has 986 stores that average $14,000/qtr gross yet somehow they're producing ROE of 62%.  Used sports equipment.

Thu, 12/26/2013 - 11:01 | 4276648 yogibear
yogibear's picture

"I'm seeing 150 year old stores and business closing everywhere.  Hall mark Cards, "

Hall Mark is dead. All the traffic is now at Dollar Tree stores where you can get cards and wrappings/balloons for $1.

The tradional stores are breaking down.

Huge layoffs coming.

Thu, 12/26/2013 - 11:22 | 4276693 uno
uno's picture

2 malls in Atlanta area were empty, easy parking close to entrances, from Black Friday afternoon through the week before xmas.

Thu, 12/26/2013 - 13:06 | 4276920 PrecipiceWatching
PrecipiceWatching's picture

CHRISTmas sales down here as well.

Thu, 12/26/2013 - 11:22 | 4276697 corporatewhore
corporatewhore's picture

what is interesting is the divergence in the consumer public.  They want the high quality but refuse to pay for it.  Ultimately budget wins.  They don't seem to get, as they debate the purchase, that the $1 price tag gets you what you pay for.

It's like the suburban idiot housewife calling for automobile windshield replacement glass on her 2014 range rover.  she wants "dealer" glass for $250 or less.  Little does she realize that at that price, the servicer is going to the junkyard, ripping out the junk for $25 and installing for $250.  She thinks she got a steal.  Idiot.

Thu, 12/26/2013 - 15:46 | 4277343 mkkby
mkkby's picture

Really?  Go to the dollar tree store and you'll see a lot of useful items that other stores would charge $20-40 for.  I couldn't find some kitchen items AT ALL at other stores, or they were insanely marked up.

It's pretty interesting to find what you need, then go to the register and pull out a buck, and fish for change to pay the sales tax.

Thu, 12/26/2013 - 21:53 | 4278212 dark pools of soros
dark pools of soros's picture

you can whittle your own spoons from dead branches for free

Thu, 12/26/2013 - 21:57 | 4278217 tempo
tempo's picture

Is brick/mortor loss vs internet/ups gains a zero sum relative to employment?

Thu, 12/26/2013 - 09:05 | 4276466 GetZeeGold
GetZeeGold's picture



Don't opt for the overnight way in hell they can deliver on that.

Thu, 12/26/2013 - 09:33 | 4276514 negative rates
negative rates's picture

They are taking on a political stance now. Promises that can't be kept along with consumers having short memories, makes for hidden proifts with no new skeltons in the closet.

Thu, 12/26/2013 - 09:10 | 4276475 Rainman
Rainman's picture

Quit buying all their leftover junk and save 100%

Thu, 12/26/2013 - 09:20 | 4276496 SWRichmond
SWRichmond's picture

The real bubble has been useless consumerist Chinese junk.  Remember the videos of workers "trashing out" repo'd houses in California?

Thu, 12/26/2013 - 09:48 | 4276538 czardas
czardas's picture

It's not just simply because it was built in China.  That's the exact mistake made by those who talked about "cheap" Japanese electronic products only to discover that Japan's quality was the world's best.  Yeah, there's junk out there.  When you get down to it if you have an apple, a fire and water you can "live".  What needs changing is the idea that we need excess junk - the notion of quantity over quality.  But that's what out economic system encourages - mindless buying as the basis of economy. 

Thu, 12/26/2013 - 10:13 | 4276579 ZeroPoint
ZeroPoint's picture

Careful. You might end up on yet another list talking like that.


Thu, 12/26/2013 - 16:11 | 4277419 SF beatnik
SF beatnik's picture

Like MKKBY says, some of the dollar store stuff is useful.

I say buy low now while you still can. Soon it might be the ten dollar store.

Thu, 12/26/2013 - 09:09 | 4276478 Bokkenrijder
Bokkenrijder's picture

So where's the INflation?

Thu, 12/26/2013 - 09:18 | 4276491 Bobbyrib
Bobbyrib's picture

I don't know, but I may need to go to the grocery store or gas station today. /sarcasm.

Thu, 12/26/2013 - 09:27 | 4276502 GetZeeGold
GetZeeGold's picture



My gas station is now selling gas in liters.......luckily my cell phone has a calculator....but the the sign at the pump informs me it might not be a good idea to use it.

Thu, 12/26/2013 - 14:56 | 4277241 zerozulu
zerozulu's picture

7 pints in a gallon of gas will help fight inflation.

Thu, 12/26/2013 - 09:33 | 4276516 negative rates
negative rates's picture


Thu, 12/26/2013 - 09:42 | 4276530 PrecipiceWatching
PrecipiceWatching's picture

Inflation?  Its everywhere.

In the things that people really need, and throughout the other 51 weeks of the year.

Thu, 12/26/2013 - 09:54 | 4276551 j0nx
j0nx's picture

TVs are much more expensive than they were last year. The only cheap shit I see is just that: cheap shit that nobody wants. There have been very little decent sales this year from where I sit other than black Friday. This year black Friday sales were pretty damn crazy but they ended that shit quick and have never come close to matching it since. I'll wait it out and see but these so called after Christmas sales are gimmicks to unload shit that nobody wants anyway.

Thu, 12/26/2013 - 10:06 | 4276567 PrecipiceWatching
PrecipiceWatching's picture


Toilet paper never goes on a Blowout Sale.


Thu, 12/26/2013 - 10:41 | 4276608 Whoa Dammit
Whoa Dammit's picture

Just buy Needful Things (reference to the Stephen King novel).  :-D.

Thu, 12/26/2013 - 09:14 | 4276481 Kina
Kina's picture

Comex also having a sale...Gold 50% off. Buy 1oz paper Gold get 1oz free.

Thu, 12/26/2013 - 09:32 | 4276515 GetZeeGold
GetZeeGold's picture'll get it in the form of a everyone else.

Thu, 12/26/2013 - 09:42 | 4276527 Bobbyrib
Bobbyrib's picture

You get the check after they manipulate the price to below where you bought it.

Thu, 12/26/2013 - 09:14 | 4276482 blindman
blindman's picture
It’s A Wonderful Lie 100 Years of the Fed -
Michael Hudson: Oligarchy will never cancel the debt we owe

Thu, 12/26/2013 - 09:22 | 4276483 CheapBastard
CheapBastard's picture

I only look at the items real or true value....usually 90% less then the sticker price.

And that's all I'll pay. 40% discount doesn't even earn a g lance.


Thu, 12/26/2013 - 09:20 | 4276497 Bobbyrib
Bobbyrib's picture

Most of the crap you can buy in stores is cheaply made and disposable. 90% seems like a good estimate of the true value.

Thu, 12/26/2013 - 09:16 | 4276489 dobermangang
dobermangang's picture

Just wait for all the "Going Out of Business" sales in 2014.

Thu, 12/26/2013 - 09:57 | 4276555 j0nx
j0nx's picture

People been saying that shit for the past 6 years and here we all still are wading through the muck. The crash will be very slow and steady, not all at once.

Thu, 12/26/2013 - 11:20 | 4276694 shutdown
shutdown's picture

I disagree. The shut down will hit like a flicked light switch. It'll strike over the course of one day. 

Thu, 12/26/2013 - 13:15 | 4276938 Calmyourself
Calmyourself's picture

Describe how that will happen when the entire society is wedded to its continuance, the enemy is us..


Years of slow grind ahead as long as there is profitable looting..

Thu, 12/26/2013 - 09:19 | 4276494 Seasmoke
Seasmoke's picture

I am pretty sure I read this article the past 7 Christmas at least 

Thu, 12/26/2013 - 10:23 | 4276586 25or6to4
25or6to4's picture

@sea smoke
And of course everybody is better off now than seven Christmas' ago. Welcome to the long slide down.

Thu, 12/26/2013 - 09:22 | 4276495 jay28elle
jay28elle's picture

Well, dah!.... all these gazillions of people that can finally enroll in Obamacare don't have any left over for gifts.    

Obama mandates his people to buy his signature-socialist-accomplishment to the detriment of holiday shopping.  "Oh, no, no, no...  I meant 2,500 MORE.  Disregard what you had earlier hopes for"

Thu, 12/26/2013 - 09:25 | 4276500 Bobbyrib
Bobbyrib's picture

Yeah, I'm sure it has nothing to do with the fact that our society has become a corporatocracy with the unemployment rate being somewhere around 25%. The only reason sales weren't abysmal is because of cheap credit available to dopey sheeple. TARP part 2 coming right up..

Thu, 12/26/2013 - 09:30 | 4276504 GetZeeGold
GetZeeGold's picture



Calling BS.....Obama has it down to 7%!!!!!!




You are a bad bad man! I'd report you the the Obama liars website....but I think they took it down.

Thu, 12/26/2013 - 09:41 | 4276528 Bobbyrib
Bobbyrib's picture

Actually they hired a bunch of Obama's cronies who know nothing about computers to set the site up. It will cost another billion to give to the same idiots to "fix" the site. /sarcasm.

Thu, 12/26/2013 - 10:36 | 4276606 WTFx10
WTFx10's picture

"Obama mandates his people to buy his signature-Facist-accomplishment to the detriment of holiday shopping."

Fixed -it.


Thu, 12/26/2013 - 09:27 | 4276505 youngman
youngman's picture

99 Percent of the crap I bought was plastic crap from China.....its very sad....but that is what the kids wanted...mi culpa

Thu, 12/26/2013 - 09:37 | 4276519 negative rates
negative rates's picture

I give the kids a early grave even if they don't want it.

Thu, 12/26/2013 - 09:30 | 4276510 hugovanderbubble
hugovanderbubble's picture




Thu, 12/26/2013 - 14:52 | 4277221 Emergency Ward
Emergency Ward's picture

like HUGO said, my friend's great-niece just enrolled in ACA.  Five minutes start to finish, Platinum-plated, full dental, up to six free abortions per year ($5 copay after that), free rectal screening, zero deductible -- $19.95 a month, free $20,000-a-year tax credit and a free smart cellular phone with 4G and unlimited texting.  Don't delay.  www.helthscare.guv immetidatly.  NOT A SCAM!

Thu, 12/26/2013 - 09:34 | 4276517 rsnoble
rsnoble's picture

When you're in a a system that will crash without there being year over year growth that lasts forever you're just asking for trouble.

So in other words with ridiculous, give-away sales, we're going to hear nothing but "huge sales increase", the stock market will boom and then we will brush off the profit report as if it never happened.

I'm surprised the FED doesn't start buying unsold inventory and ship it to Brazil and throw it all on top of forest fires.

Thu, 12/26/2013 - 09:43 | 4276532 Bobbyrib
Bobbyrib's picture

Don't give Bernanke or Yellen any ideas.

Thu, 12/26/2013 - 10:29 | 4276533 Kirk2NCC1701
Kirk2NCC1701's picture

I'm not in that Club, but I know affluent, retired boomers who've had a jolly, holly X-Mass because they stayed in the Markets (and had a Wealth Effect of >30% in 2013**), and with a mere 5% in bullion (locked away, next to their G & A).

Which leaves them with enough 'Cashish', they can do what they love to do: Scout for Deals & Steals.

They troll at Estate Sales and select garage sales (in 'nicer' neighborhoods). It's surprising what they find, and the Deep Discount Prices (DDP) they get due to the 'other' OPM (Other People's Misery).

And they wait to get their new gen of electronics right about... Now.

Some think them of being in a Vulture Club, but they see themselves as wise and 'frugal'.

Due to their Fin. Planners at Merryl Lynch, who cater to the 7 and 8 figure crowd, i.e., the 1%, they saw their portfolios rise very nicely. In one case, their Planner suggested they use 10% to 'speculate', and then use 10% of their winnings as 'Mad-Money', 10% in Cash and 10% in gold bullion (for the next Fear cycle). They call it the "Free-gold" program.

Now that sounds a fuck of lot smarter and wiser than the BS we often read from the "All In" advice we get from the various "Pump & Dump" scammers and shills, who claim to have some special 'inside track' for the next gold mine or oil drilling outfit.>

Thu, 12/26/2013 - 12:37 | 4276849 philosophers bone
philosophers bone's picture

A Merrill financial planner recommended 10 percent allocation to gold? I call bullshit or GLD.

Thu, 12/26/2013 - 09:44 | 4276535 IridiumRebel
IridiumRebel's picture

Panic selling will be coming to the stawk market soon too......

Thu, 12/26/2013 - 10:01 | 4276556 Callz d Ballz
Callz d Ballz's picture

Still time to BTATFH!

Thu, 12/26/2013 - 10:07 | 4276565 IridiumRebel
IridiumRebel's picture

"Buy one, get one free. Macy's rolls out buy one, get one free deals on many men's dress shirts and designer suits."

Yes! Look great at home perusing the want ads for the ever diminishing middle American job market! Can I wear my Armani as I deliver pizzas?

Thu, 12/26/2013 - 10:16 | 4276582 ZeroPoint
ZeroPoint's picture

They will trip circuit break after circuit breaker, markets will be halted. Bank of America stock went below 5 dollars and should have gone to zero, but magically, it never did.


Thu, 12/26/2013 - 11:16 | 4276678 moneybots
moneybots's picture

"Bank of America stock went below 5 dollars and should have gone to zero, but magically, it never did."


When the FED leverages up over 50 to 1, it can create a lot of magic, just like the investment banks did with leverage waivers.  All of them crashed, though.






Thu, 12/26/2013 - 09:47 | 4276539 j0nx
j0nx's picture

These sales all suck and are shit that nobody wants. Try again retailers.

Thu, 12/26/2013 - 09:52 | 4276544 eddiebe
eddiebe's picture

And to all you swine at the Fed and affiliates: A heartfelt Fuck you and may the coming year bring you misery.

Thu, 12/26/2013 - 10:09 | 4276572 Mattress Money
Mattress Money's picture

I havent bought a Christmas gift in 3 years, It's pointless spending. If need something during the year I buy. If i dont need something i wont. It simple.

Thu, 12/26/2013 - 10:09 | 4276573 Mattress Money
Mattress Money's picture

I havent bought a Christmas gift in 3 years, It's pointless spending. If need something during the year I buy. If i dont need something i wont. It simple.

Thu, 12/26/2013 - 10:12 | 4276577 22winmag
22winmag's picture

I can't help... spent all my funds on ammo and PMs.

Thu, 12/26/2013 - 10:29 | 4276598 krispkritter
krispkritter's picture

I spend my after-holiday funds on food.  Holiday specific ones for the most part, marked down 50-75%.  Canned pumpkin/yams, fresh cranberries/sweet potatoes/etc. for canning and drying, turkey/ham for canning or jerky or freezing, spices, chocolate, etc.  Too bad they don't put out Christmas-themed ammo though.

Thu, 12/26/2013 - 10:28 | 4276594 Red Raspberry
Red Raspberry's picture

I'm using YOUR credit card at Target.......

Thu, 12/26/2013 - 10:31 | 4276600 krispkritter
krispkritter's picture

Yeah, "Who's in your wallet?".

Thu, 12/26/2013 - 11:03 | 4276652 RKDS
RKDS's picture

I just find a greater and greater disconnect between what I want to buy and retailers want to sell.

Thu, 12/26/2013 - 11:04 | 4276655 yogibear
yogibear's picture

The Dollar Tree Store was packed this Christmas. Cards, wrapping, party ballons.

Goodbye HallMark.

Thu, 12/26/2013 - 11:09 | 4276672 moneybots
moneybots's picture

"3.9% and -3.5%. The first, aka hope, is how much the national retail federation predicted holiday sales would rise by at the start of the holiday season; the second, aka reality, is how much in-store retail sales declined by in the week before Christmas."



How much was the latter offset by an apparent surge in online sales, that resulted in UPS not being able to deliver packages by Christmas?

Thu, 12/26/2013 - 11:24 | 4276698 yogibear
yogibear's picture

Writing on the wall as Americans try to slash expenses as incomes get cut. The 1%ers better notice. 


Nov 4th. Deep Discounters are winning. Proof is at the dollar stores.


Thu, 12/26/2013 - 11:36 | 4276727 GreatUncle
GreatUncle's picture

For 5 years now retailers have borne the brunt of this every Xmas with wonderful optimism followed by the brutal reality. Retailers have just donated a little more blood to the government and corporations is all and the sheep donated their fleeces by continually spending what they did not have. A SLOW BLEEDING TO DEATH.

That is not important, for every decade in my lifetime we have had a boom-bust cycle to correct the central banker inflated economic mechanism and preserve the elites who created it.

Now 5 years in of suffering from 2008 and at some point the bust period must start again the economics of the mechanism demands it.

The implication is the central bankers cannot now generate effective boom-bust cycles because the debt has not been blown off the last one to allow any boom. Around 5 years tops now to the next bust and now look at the markets please.

The Pied Piper will play to where there is value to be extracted? That value is now in stocks, led a merry dance for those jiving rats, what happens when the next bust is demanded?No value to be had elsewhere.


Thu, 12/26/2013 - 11:56 | 4276759 adr
adr's picture

But it's the best economy ever!!!

New home prices have hit a record high. Stock market is at a record high. Rents are at record highs. Gasoline is at a record high for this time of the year. Corporate profits are hitting records. Stores that were going out of business have seen thier stocks rally. Unemployment will fall below 6%.

It can't be all lies right? Can't be.

Amazing what centrally controlled propaganda can do.

I saw some people asking what the true value of a product made in China is. A $20 retail product sold in Walmart generally has a wholesale price of $8, less if sold to a buying group that works for Walmart. In that case the price is $4 and the buying group resells to Walmart for $6. That $20 product has a vendor cost of $4-5, and that's if it is decent quality. Actual manufacturing cost is about $2.

If anyone actually is dumb enough to buy an As Seen on TV product. The $9.99 products have a maximum cost of $.99. The $20 items are made for less than $2. The As Seen on TV companies lease the store space from Walmart so they can put anything they want in it. They give Walmart up to 80% margin. So $10 retail, $2 wholesale. Some of the $20 items have a production cost under $.25. But when you look at who controls the As Seen on TV business, it explains the absolute consumer rape.

Thu, 12/26/2013 - 16:28 | 4277491 ILikeBoats
ILikeBoats's picture

Plastic of the kind used in most consumer stuff, is about $1/pound, perhaps less.  When you are punching out 1 million of something the injection mold costs and other manufacturing costs are low.  So heft it in your hand and figure out the real cost of manufacturing it, based on the weight of the plastic used.

Thu, 12/26/2013 - 12:14 | 4276810 Franktastic
Franktastic's picture

tis the season for buying lead, brass, silver n gold..and if you do not have any, good formed steel in the shape of a gun and some seeds, that covers all my needs..for now.

Thu, 12/26/2013 - 12:18 | 4276812 kchrisc
kchrisc's picture

Looks like a lot of babies are going to be going out with the bathwater.

What are the bets for the first to declare bankruptcy?

My bet is on Radio Shack, though JCP is an odds-on favorite.

Thu, 12/26/2013 - 12:39 | 4276855 SilverFish
SilverFish's picture

All these sale prices really show, is how badly you were getting fisted before they knocked 90% off.

Thu, 12/26/2013 - 12:42 | 4276874 pitz
pitz's picture

Fortunately SUKI (tm) membership (SUKI (tm), The New World Religion (tm) -- motherfucking religion) has not been discounted.  And is still full price. 

Thu, 12/26/2013 - 12:49 | 4276885 Clowns on Acid
Clowns on Acid's picture

How did the US economy possibly survive (thrive) before Chinese imported consumerism drove the Equity markets to all time highs ? 

Thu, 12/26/2013 - 21:54 | 4278216 dark pools of soros
dark pools of soros's picture

because the people had the equity before creditomics took flight

Thu, 12/26/2013 - 13:27 | 4276976 Fix It Again Timmy
Fix It Again Timmy's picture

They need to sell all the shit @ $.01/lb., close the stores and then go back to the drawing boards to develop profitable business models - the only way to stop the hemorrhaging and false hope....What to do with the legions of unemployed?  That's the crucial societal question that no one is dealing with.....

Thu, 12/26/2013 - 22:48 | 4278323 Aussiekiwi
Aussiekiwi's picture

Confused...Is this asset deflation?

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