The winter holidays are still a few months away, but that's not stopping some stores from putting out there Christmas selections early. Game theory can help us understand their pre-emptive behavior.
I know an executive at Nordstrom and they are particularly proud about not starting Christmas before Thanksgiving. Based on your post, Nordstrom must not either a) worry about same store sale discrepancies; or b) are hyper rational. I suppose a third option would be that the clientele at Nordstrom is high end enough not to care about holiday season sales. What do you think explains their approach to holiday time?
I believe there are also really high warehouse/storage costs this year compared to previously, making the alternative of storing the items before hand higher than normal. Not sure if this is part of the early push to get things out on the floor, too?
I know an executive at Nordstrom and they are particularly proud about not starting Christmas before Thanksgiving. Based on your post, Nordstrom must not either a) worry about same store sale discrepancies; or b) are hyper rational. I suppose a third option would be that the clientele at Nordstrom is high end enough not to care about holiday season sales. What do you think explains their approach to holiday time?
I believe there are also really high warehouse/storage costs this year compared to previously, making the alternative of storing the items before hand higher than normal. Not sure if this is part of the early push to get things out on the floor, too?