Retailers feel economic crunch as holidays approach - WMC Action News 5 - Memphis, Tennessee

Reported by Lori Brown

Retailers feel economic crunch as holidays approach

MEMPHIS, TN (WMC-TV) - The economic crisis gripping much of the nation is affecting both retailers and consumers, as the holiday shopping season quickly approaches.

Even though the seasonal items are decking the shelves at many Mid-South retailers, do not expect to see more holiday aisles than normal. During the tight economy, retailers like Target are counting on customers to be tight.

"We are going to order less, and when are out we won't order more but not order as much this year," Jessica Mohundro of Target said.

Many retailers are worried shoppers will be more concerned about their stocks than stuffing their stockings as the holiday season approaches.

And, it's not just the stock markets that has customers worrying about pinching pennies.
 
"The price of gas and clothing really makes you think twice," shopper Carolyn Johnston said.

Johnston said when she makes her holiday shopping list, she is going to be checking it twice for things to cut.

"We won't buy extras - just that one special toy," Johnston said.

Target's theme this year is 'Wrap Up Savings,' a theme the retailer hopes will attract this year's more budget conscious shoppers.


Click here to send an email to Lori Brown.

  • News on WMCTV.comNewsMore>>

  • Best U.S. summer travel destinations

    Best U.S. summer travel destinations

    Monday, May 21 2018 10:05 AM EDT2018-05-21 14:05:08 GMT
    (Source: WalletHub)(Source: WalletHub)

    With summer approaching, the personal-finance website WalletHub has released its report on 2018's Best Summer Travel Destinations. To help travelers plan the perfect summer getaway, WalletHub compared 100 metro areas in 40 different areas which are key indicators of budget- and fun-friendliness. The data set ranges from cost of the cheapest flight to number of attractions to average price of a two-person meal.   Top 10 Summer Travel Destinations Washington, DC Orlando, FL ...

    More >>

    With summer approaching, the personal-finance website WalletHub has released its report on 2018's Best Summer Travel Destinations. To help travelers plan the perfect summer getaway, WalletHub compared 100 metro areas in 40 different areas which are key indicators of budget- and fun-friendliness. The data set ranges from cost of the cheapest flight to number of attractions to average price of a two-person meal.   Top 10 Summer Travel Destinations Washington, DC Orlando, FL ...

    More >>
  • VIDEO: Salon owner clings to car as customer leaves without paying

    VIDEO: Salon owner clings to car as customer leaves without paying

    Monday, May 21 2018 8:38 AM EDT2018-05-21 12:38:42 GMT
    (Source: Facebook)(Source: Facebook)

    A nail salon owner clung to the back of a car driven by an employee she said did not pay for her services.

    More >>

    A nail salon owner clung to the back of a car driven by an employee she said did not pay for her services.

    More >>
  • Man shot, killed at convenience store

    Man shot, killed at convenience store

    Monday, May 21 2018 6:35 AM EDT2018-05-21 10:35:35 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Memphis Police are investigating a shooting that left a man dead. 

    More >>

    Memphis Police are investigating a shooting that left a man dead. 

    More >>
Powered by Frankly