STEVE INSKEEP, host:

NPR's business news starts with the holiday shopping season here already.

(Soundbite of music)

INSKEEP: OK, OK, we're still a month from Halloween. We're almost two months until Thanksgiving. But it's never too early, it is never too early for Christmas sales. Some economists predict this could be the worst Christmas shopping season since 1991. So to try and cash in on what cash or credit consumers might have left, Wal-Mart is announcing it is cutting prices on popular toys and will open its specialty Christmas shops next week. The retailer says its shoppers are increasingly living from paycheck to paycheck, so they're going to need to spread out their holiday shopping over a longer period of time. Macy's has also opened its specialty Christmas shops, and Target now has holiday decorations on its shelves.

Copyright © 2008 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.