Stores launch holiday sales early - East Valley Tribune: Business

Stores launch holiday sales early

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Posted: Saturday, November 3, 2007 6:39 am | Updated: 8:02 pm, Fri Oct 7, 2011.

Wal-Mart is selling 26-inch high-definition TVs for $450 this weekend.

Circuit City plans to give away consumer electronics prizes every day for the next 30 days, starting Sunday.

You can pick up NASCAR Power Wheels for $150 at Toys “R” Us today, the end of a two-day sale launching the kid-focused retailers’ annual catalog.

Retailers, eyeing the housing slump and the credit crunch that has decimated consumer confidence, are slashing prices early in the hope of snagging a bigger share of the annual Christmas spending spree.

That spree is expected to be more subdued than usual, said Ellen Davis, spokeswoman for the National Retail Federation.

The retail group predicts a 4 percent increase in holiday spending compared with last year, she said, but that’s still below the 4.8 percent 10-year average increase.

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