![]() If you're ready to splurge during this exciting shopping event, then keep reading to explore everything we know about Prime Day 2023 so far. It's a great opportunity to stock up on your favorite products, treat yourself to a new TV or just do some summer shopping. You'll also find spotlight deals on big-name merchandise that will last throughout the two-day shopping event. Prime Day features limited-time, limited-quantity deals (called lightning deals) on a wide variety of clothing, bedding, laptops, headphones, Amazon-branded gear and more. ![]() Alongside Black Friday, it's the best opportunity to score doorbuster savings on major electronics, home goods and just about everything else. Buy Amazon Fire HD 8 Case (2017 7th Gen), EpicGadget(TM) Smart Cover Auto Sleep / Wake Premium Leather Folding Folio Case For Fire HD 8, 8' HD Display Tablet + Fire HD 8 Screen Protector (Green) at. If you're not familiar with Amazon Prime Day, it's one of the biggest shopping events of the year. Promotions are subject to availability and retailer terms.Īmazon Prime Day 2023 is in its second day. We may receive commissions from some links to products on this page. Many retailers struggled to attract shoppers in the second half of 2007 as consumers were hammered by soaring prices for food and fuel, rising payments on adjustable rate mortgages, declining home values, and job insecurity.īut some stores that sell clothing to teenagers bucked that trend and could do so again in 2008.CBS Essentials is created independently of the CBS News editorial staff. ![]() Wal-Mart trades at about 13.9 times estimated earnings for the year beginning in February, which puts it in the lower half of the 30 stocks in the Dow Jones Industrial Average. Goldman Sachs analysts on Monday recommended keeping Wal-Mart, as well as Costco Wholesale Corp COST.O, as defensive positions in retail, "given negative sentiment, potential for negative macro events, likely downward EPS revisions and lack of positive catalysts." “Discounters would tend to do better in this kind of environment,” said Michael Niemira, chief economist at the International Council of Shopping Centers. The index has already lost an additional 10 percent this year.īut Wal-Mart shares rose 3 percent in 2007, following three years of declines, and many analysts think the world’s largest retailer should do well in 2008 as cash-strapped consumers look for low prices on staples like food and toilet paper. Retail stocks just completed their worst year since 2002, with the Standard & Poor's Retail index. That would be the lowest increase since 2002. The National Retail Federation on Monday forecast a 3.5 percent increase in retail industry sales, excluding automobiles, gas stations and restaurants. Yet even aside from Wal-Mart, analysts expect some companies to prosper this year in spite of that, including teen retailers and possibly some beaten-down home improvement stores. “The 20-, 25-year expansion in the consumer/residential part of the economy has come to a cyclical conclusion and the spending capacity, the foundation for the entire industry, is simply not there.” “The outlook for retailing, generally, in 2008 is unfavorable,” Richard Hastings, retail economist at the Federation of Credit and Financial Professionals. economy some say is either heading into or already in recession. While that means discount giant Wal-Mart Stores Inc WMT.N could do well this year, it also could cheer other retailers who have seen their stocks sold off since New Year's Day and now look like bargains, even in a U.S. Journalists walk in front of a Wal-Mart store before the start of a media tour of in Pleasant Grove, Arkansas May 31, 2007.
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