Post-Christmas sales fail to save retail year
New York shoppers flock to malls after Christmas as stores slash prices to clear stock this week. Despite brisk post holiday deals, analysts warn the sector remains on track for its worst season in a decade, with discounts up to 75 percent and spring inventory already being planned for.
MENTIONED IN THIS ARTICLE
New York
Orbitz Surges as Online Travel Firms Capitalize on Deals
Orbitz and rival portals gain after Sept. 11 as airlines push web deals and travelers seek online information. Orbitz reports new ticket sales highs, a $5 per ticket service fee amid growing competition from airline and agency sites, with industry analysts noting strong ad presence and demand for hotel and vacation package bookings.
MENTIONED IN THIS ARTICLE
Hotwire
Priceline
U.S
Orbitz
Jeffrey Katz
Swissair
American Airlines
Jared Blank
Jupiter Media Metrix
American
United
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Continental
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