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AmEx Survey: Lots more holiday shopping left—and get ready for a busy Dec. 26
Going into the final stretch of the holiday season, a majority of Americans are far from finished with their holiday shopping.
Seventy-three percent (73%) plan to shop last minute (vs. 79% in 2014), as most wait to find the best deals (44% vs. 46% in 2014), according to the latest American Express Spending & Saving Tracker.
Other reasons consumers are shopping last minute include trying to save up until they have enough money (22%, on par with 2014) and difficulty finding the time to shop (20% vs. 16% in 2014).
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Perfumania's Q3 doesn't smell so nice
The value proposition of Perfumania stores is under scrutiny after the retailer reported dismal same store sale for the third quarter.
For the 13-week period ended Oct. 31, net sales at Perfumania decreased 8% to $142 million, compared to $154.3 million in the prior year. Same-store sales decreased 22.1%. Net income was $3 million, or net income per diluted share of 20 cents, compared to a net income of $7.5 million, or a net income per diluted share of 48 cents during last year’s third quarter.

