Deeper TV Discounts May Be Needed to Correct Inventory, Says Analyst
Black Friday had an absence of “hot” product offerings, blogged NPD Tuesday, saying consumers returned to stores but with a “leisurely start” that was similar to that of a "busy weekend.” Deep discounts were the main draw, and shelves were…
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well-stocked, it said. Some of the best bargains seemed to have sold out early, said Paul Gagnon, consumer technology industry adviser, but there were “plenty of other choices stacked in aisles and open areas of stores.” TVs and video game consoles were especially plentiful, and TVs priced below $500 "resonated with shoppers,” Gagnon said. Still, “deeper discounts may still be needed to adjust inventory.”