Target misses its targets ! Check this article.
What do the soft sales of the retail giants mean for me?
Come Dec 27th and Jan 2nd and I can get goods much cheaper - most of the retail industry has already started their run towards slashing prices. I saw Wal-Mart as the fastest one to do that. Just about 3 weeks ago, I reached to their store for returning a Canon SD 1000 as the prices elsewhere had dipped quite a bit after that and I was still in the 30 days warranty period. They said that the prices had dipped in their stores too - a whooping $80 on a $267 product !
I started researching with curiosity to find out in hours that the health of most of the retail giants is suffering. Consumers are spending less fearing a downturn. The heat is being felt everywhere and especially, in my part of the country - New York !
I would prefer buying when such opportunities arise - its a mindset game. I dont buy based on hype - but based on need and patience ! I learned that from the markets when I was still in my teens. This mindset has helped me in every phase of my life.
