ALBANY, GA (WALB) - Shoppers can expect to see holiday sales earlier this year because of the slow economy. The National Retail Federation is predicting holiday sales to only rise 2.2 percent. That is the slowest growth since 2002.
High gas prices, lack of confidence in the job market, and the crisis in the financial markets are causing people to spend less. Stores are already rolling out holiday sales to make up for the expected loss in business this holiday season.
"We are going to offer to the public a membership for 10 dollars for 10 weeks. With the economy the way it is this is our economic stimulus for members to come in and take advantage of some savings. So they will have more money for the household," said Membership Assistant Manager, Herbert Brown.
The discount in Sam's Club memberships will start this Friday. Shoppers can expect to see aggressive discounting and a lot more pre-Thanksgiving sales blitzes in many stores.Feedback