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America's retailers are responding to the recession with Christmas in July. A number of retailers and toy makers launched Christmas sales and promotions this month, hoping to boost sagging sales and help cash-strapped consumers stretch out their holiday spending.
Toys "R" Us Inc. decided to market its summertime Christmas discounts with an image of Santa lounging on the beach in sunglasses. Sears.com and Kmart.com used a vintage, snowy street scene accompanied by offers of free shipping.
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Retailers once waited until late November to roll out their Christmas promotions. In recent years, St. Nick has donned his furry red coat as early as September as retailers compete more aggressively for holiday sales.
That's when Wal-Mart Stores Inc.'s Sam's Club and Costco Wholesale Corp. typically start putting up some of their big holiday displays, such as a giant inflatable Santa and other Christmas items. This year's tough economy persuaded QVC, Liberty Media Corp.'s shopping channel, to put more emphasis on its two-decade-old Christmas-in-July event.
"Given the dreary economic climate, we thought we could bring customers a little more cheer in the middle of summer," said QVC Chief Executive Mike George.
http://online.wsj.com/article/SB124899822482095375.htmlPerhaps they are thinking people will be completely out of money/credit by the time Christmas rolls around this year.