Tuesday, December 24 2013, 06:40 PM MST
Retailers Deal With Holiday Inventory, Audio Equipment Sales Are Up and Airlines Battle To Be Profitable
(KUTV) Retailers are hoping for a last minute burst of buying to save the season.
After a strong start to the holiday shopping season, sales at stores are down for the third straight week. Overall, holiday sales are expected to be the weakest in four years, those numbers don't include online sales.
Those disappointing sales have left stores with a pile of unsold inventory. That means even bigger than usual sales. Amazon.com is going to have a "2013 after Christmas sale" that will offer 70 percent off on select items. Old Navy launched its "after holiday sale" on Sunday with markdowns of up to 75 percent.
One of the most popular gifts this holiday season is audio equipment. Sales of sound bars, those long thin speakers are up about 80 percent. Sales of wireless speakers have nearly quadrupled. Headphones, speakers and other audio equipment make up 13 percent of all consumer electronic sales.
If you're feeling more cramped flying coach, it's because you are. Over the last two decades, the space between seats has shrunk by 10 percent. To gain a little more space, airlines are using seats that use lighter materials and less padding.
As a result, some airlines have said they are considering eliminating reclining seats.
In a last ditch effort to boost sales, some retailers are currently offering deals usually reserved for the day after Christmas.
(Copyright 2013 Sinclair Broadcasting Group)