Money talks: The most profitable time of the year
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 20 December 2016
⏱️ 16 minutes
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| 0:00.0 | This is a passenger announcement. You can now book your train on Uber and get 10% back in credits to spend on Uber eats. |
| 0:11.0 | So you can order your own fries instead of eating everyone else's. |
| 0:15.0 | Trains, now on Uber. T's listening to Money Talks. On this show, we predict some |
| 0:35.9 | potential surprises for 2017. |
| 0:38.4 | The inflationary expectations generated by the Trump victory might have expected you to think that gold would rise in fact |
| 0:45.0 | it's fallen and with a capitalism outgoing Schumpeter columnist weighs in but also I think |
| 0:51.7 | that what happened in 2009 is still something that haunts us and something we haven't escaped from. |
| 0:56.2 | But first, the Christmas holidays used to be the retail industry's boom time, but can they still |
| 1:02.4 | depend on the traditional end-of-year spike in sales? |
| 1:05.0 | Here with me to discuss this is our correspondent Doug Dawson, |
| 1:08.0 | who's been looking at the numbers. |
| 1:10.0 | Doug, is it still true? |
| 1:11.0 | Is the Christmas period still when the retail industry really makes its money? |
| 1:15.7 | Yes, so that's definitely true retailers earn a big chunk of their sales during the holiday season |
| 1:22.3 | But if you actually look at the long-term figures, |
| 1:25.4 | you'll see that the increase in sales that they earn the month of December and to a lesser extent in November is actually much smaller than it used to be. |
| 1:35.0 | So in America retailers earned about 30% more in the month of December |
| 1:42.0 | than they would have without that seasonal effect. |
| 1:45.0 | And in 2015 that figure had declined from 30% to about 20%. |
| 1:51.0 | So what's going on? Are we losing the Christmas spirit? |
| 1:54.0 | Are children getting fewer presents? |
| 1:55.0 | I don't think so. |
... |
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