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Entries in Sales (3)

Monday
Dec262011

Happy Returns: Shoppers Hunt for Best Deals

Tim Boyle/Getty Images(NEW YORK) -- The day and week after Christmas is one of the busiest times for gift card redemption, said a spokeswoman for Walmart. Stores are often also inundated with gift returns.

"If people return something, there's a 70 percent chance they will buy something else," said Britt Beemer, retail analyst and chairman of America's Research Group.

Deals will be different in-store and online, so research is key. A spokeswoman for Walmart said its website and stores would offer 50 percent discounts but on different items. Many Walmart stores will open at 5 a.m. Monday, and the store will have a clearance on select toys, home products, some apparel and seasonal merchandise, the Walmart rep said.

Most retailers offer deep discounts on Christmas decorations, even fake Christmas trees, which shoppers can easily stow away in the basement or garage for next year.

Apparel deals will be aplenty for those who are in stores returning gifts. Last year, American Eagle, Aeropostale, New York & Company, Polo Ralph Lauren, Banana Republic factory stores, Express and Old Navy offered in-store deals the day after Christmas. The Gap offered an extra 50 percent off sale items in-store until noon, according dealnews.com.

Jennifer Black, retail expert and president of independent research firm Jennifer Black and Associates, recommends that shoppers save receipts in case items are discounted further. Some retailers offer price adjustments.

Black said apparel retailer Talbots is likely to offer a 40 percent discount, because it had been struggling with holiday sales.

Last year, department stores offered a plethora of online coupons. Macy's, Nike, Ann Taylor Loft, JCPenney, Best Buy, Walmart, Tory Burch, Timberland and Kiehl's are examples, said Sakraida. Macy's had a coupon of $10 off a purchase of $25 or more.

Copyright 2011 ABC News Radio

Thursday
Dec152011

Probe Finds 62% of Private Gun Sellers Sell to Prohibited Individuals

David De Lossy/Thinkstock(NEW YORK) -- More than six in 10 private gun sellers agreed to sell a firearm to a buyer who said he probably couldn't pass a background check, according to a report released Wednesday by New York City officials as part of an undercover investigation.

"Our investigation indicates illegal online sales are a problem that's national in scope," said Mayor Michael Bloomberg at a press conference Wednesday.

Federal law prohibits felons, domestic abusers, drug addicts, and the mentally ill from buying firearms, and federally-licensed firearms dealers are required to conduct background checks and keep paperwork on their buyers.  But unlicensed private sellers -- who account for about 40 percent of U.S. gun sales -- do not have to conduct background checks on their buyers.  They are prohibited, however, from selling firearms to someone they know to be a prohibited purchaser.

These private sellers have found a safe place to conduct their business in the online market, where sellers' identities are not required and transactions are often not recorded, according to the report.

In the last 15 years, a large percentage of firearms sales in the U.S. have moved online, through sites like GunBroker.com, which reported about $1 billion in sales in 2009 -- up from about $12 million in 2000.  The site has over 1.8 million registered users.  Many sales on sites like GunBroker.com are, "largely unregulated and undocumented," according to the report, making it difficult to calculate the exact number of online gun sales.

But investigators are certain the online market is vast.  This year, on 10 websites alone, investigators found more than 25,000 guns for sale, according to the report.

The report, called "Point, Click, Fire: An Investigation of Illegal Online Gun Sales," documents the findings of city investigators who tried to determine whether unlicensed private sellers advertising firearms online refuse to sell to buyers who could not pass a background check.

Members of the 15-person investigative team posed as illegal purchasers, asking sellers to meet in person to exchange guns for cash.  Investigators recorded telephone calls with the sellers, and used concealed cameras to videotape their in-person interactions where guns were exchanged for cash.

Investigators looked at 125 online private sellers in 14 states who advertised on 10 websites, and 77 agreed to sell a gun to a buyer who could not pass a background check.

Copyright 2011 ABC News Radio

Monday
Oct242011

Is Halloween the New Christmas?

Jupiterimages/Thinkstock(NEW YORK) -- In days of old, the sight of houses covered in over-the-top light decorations, miles of yard displays and extravagant spending on sweets meant only one thing: Christmas was near.

Now, the celebration begins two months earlier, in October, for Halloween.

The holiday that once meant just quaint trick-or-treating and a costume contest or two is now second only to Christmas when it comes to celebrating, according to a survey from the National Retail Federation.

Nearly 69 percent of Americans say they intend to celebrate the holiday this Monday, Oct. 31, the highest amount in the survey’s nine-year history.

Nearly half of those celebrating will decorate their homes and/or yard, and each will spend an average $72.31 on decorations, costumes and candy -- a figure second only to the amount spent by individuals on Christmas décor.

Copyright 2011 ABC News Radio







ABC News Radio