I traveled to Circuit City on Friday, and while there were a number of people in the store, it wasn't the madhouse that I imagined it would be. I got there around 11:00, so I may have just avoided the crowd. I went to Best Buy today expecting a large crowd. Certainly there were a lot of people in the store, but again, parking was easy. I was going to buy a few things, they had a great deal of $25 each for Bio-Shock, and The Orange Box, but hesitated because I didn't want to wait in the line. But when I looked at where the queue should have been forming, it was pretty empty of people.
That can only mean a couple of things.
- People just aren't shopping all that much. Definitely could be the case since I believe the economy is heading in the wrong direction with housing and gas prices where they are
- People are doing more shopping online - This is true for people like myself, but I still would think people would go and look at what bargains are out there
- They are getting really good at moving people through the line.
I kind of doubt the last one. I'll be interested what they say about the weekend and how successful it was for retailers. Early results indicate that it may have been a success but I'll wait to see what they say about it Monday. I post about this because this could have significant impact on my trading strategy. If numbers look weak, the whole market is in for a downward spike and I want to be on the right side of the trade. Trick is getting in ahead of any announcement, which is going to be hard to do.