Power Breakfast: Retailers optimistic on holiday sales, Delta, Cobb taxes, AT&T, Ford, Coke, financial bailout

At malls across metro Atlanta, retailers are saying the same thing: This has been the best shopping season in years, AJC reporter Arielle Kass writes.

“We’re seeing a significant increase in traffic compared to last year,” Liz Barth, Lenox Square’s assistant director of marketing, told Kass. “Some are indicating it’s been the best Black Friday ever. And they’re retailers who have been here for years.”

The National Retail Federation reported that 212 million people spent $45 billion over the Thanksgiving Black Friday weekend. While many retailers said it is still too soon in the shopping season to make bets on how the holidays will turn out, they are optimistic considering what they’ve seen so far, Kass writes.

Malls are seeing a rise in foot traffic and gift card sales, Kass reports.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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10 comments Add your comment

HTH

December 10th, 2010
8:00 am

I just love the Christmas season. I don’t get to that black friday now. To many people. I just love going to the stores all through the holiday season. I just love seeing the throngs. Of people. Having lunch and dinner near the mall. Everyone is just so happy.

I said to myself what kind of thing is a gift card. I just love wrapping those little presents. All the excitement that builds and builds. I went to the mall and there were so many people there. I could not get a parking spot. I don’t think Christmas is about discounts. It’s about being out there with your neighbors. It’s the one time. We can share and give and laugh and have fun.

TnGelding

December 10th, 2010
8:24 am

Did they shoot their wad on Black Friday? Traffic has been sparse when I’ve been out since then.

It looks like the auto industry is going to pull through, with what used to be know as the Big Three all hiring. Thanks, President Obama.

We don’t need a tax overhaul. We need an entire new system. We have to tap into the underground, illegal and downright criminal economies that thrive in the freedom we so cherish with some kind of consumption tax.

Let’s all remember the reason for the season. It is indeed better to give than to receive. And better to tell the truth than to deceive. Hope everyone is able to spend some quality time with family and friends.

Buzz G

December 10th, 2010
8:28 am

Since there are no jobs, people must be loading up debt on their credit cards. Credit card hangover and bankruptcies to follow by spring.

shadow7071

December 10th, 2010
8:35 am

I was out last week with friends from the U.K. They were here to shop and boost our economy. We shopped at most of the malls… Lenox, Phipps, Perimeter, Town Center and a few of the non-mall shopping areas. From my perspective the traffic wasn’t anymore or less than what I normally experience throughout the year. Didn’t have a problem with parking or traffic. And the shelves were filled merchandise. Lots and lots of discounting.

HTH

December 10th, 2010
8:57 am

Heavens. I went to perimiter mall last weekend. I thought I was going to have to take the train. I walked and walked. Maybe it was just the weekend. I had fun. I guess i could try to go on a Monday or something. I really like the crowds however. Thats half the fun of it.

shadow7071

December 10th, 2010
9:08 am

HTH, I was at Perimeter on Saturday. Parked in the decks right outside of Nordstrom’s second floor just like I always do. Main floor of the decks seemed full but second floor and on up there were many places to park.

HTH

December 10th, 2010
10:20 am

Maybe I got lost. It sure seemed like Christmas to me. I say we don’t worry about our money troubles this year. I’m not saying throw all caution to the wind now. Instead of getting in our cars and fleeing. Lets not run for our lives this Christmas season. Lets enjoy some egg nog and the warmth of the people around us.

A. Scott Walton

December 10th, 2010
7:30 pm

Hey Henry,
You heard it hear first: Wal-Mart’s set to open a new mega store in the ‘hood (Historical West Village on MLK Drive) next year. Mayor Kasim Reed’s making the official announcement Monday morning.
Stay tuned for details about the revitalization of that corridor….
http://theatlantavoice.com/AV_breakingnews.htm

TnGelding

December 11th, 2010
5:28 am

I agree; eat, drink and be merry! Tomorrow is another day. And 2011 another year.

Realist

December 12th, 2010
7:48 pm

The bailout may have had $35 billion returned in “interest”, but all the money that was paid back was worth less than the money that was loaned thanks to the fact that the first money was printed out of thin air. By the numbers revealed in the 20000 pages of documents Bloomberg News go under the FOIA request look like the Fed loaned out 3.3 trillion dollars in total. The 35 billion is just barely over 1% while the total printed and lent more than tripled the amount of money in circulation thus reducing the value of the dollar by another 2/3. Doesn’t sound like such a good deal when you look at it from the prospective of those of us who will be having to burn our worthless Federal Reserve Notes just to stay warm after the global collapse of the currency. But hey, Wall Street brokers, banks, car companies and others got to line their pockets with billions and millions more in bonuses so everything worked out fine. Suckers. End the Fed.