Reply #8: And the SPIN:

[Lorien]

Total sales were down 7 percent to $6.7 billion on Saturday, compared with the same Saturday in 2003, according to ShopperTrak. ShopperTrak will be releasing sales for the overall weekend later on Monday.

Niemira noted that luxury stores — which have enjoyed robust sales as their well-heeled customers have benefited from the economy's recovery — had the best performance. Stores like Sears, Roebuck and Co. and J.C. Penney Co. Inc. that catered to the mid- to-low income shoppers, who have pulled back on spending as they have been more vulnerable to higher heating costs and a volatile job market, attracted big crowds with deep discounts and expanded shopping hours.

What is hurting merchants is that there is no must-have item, except in consumer electronics — iPod music players and the PlayStation2 (news - web sites) video game console, for example, have become difficult to find in many areas, according to Marshal Cohen, senior industry analyst at NPD Group Inc., a market research company based in Port Washington, N.Y.

(snip)


So, luxury stores are benefiting from the economy's recovery, but the rest of us just can't find that "must have" item. Uh-huh.:eyes: