1.
Consumer Corner: Foreclosure settlement no magic bullet for economy
LOS ANGELES, Nov. 22 (UPI) -- Retailers say they hope to tempt bargain-hunters with discounts on high-definition televisions this holiday season.
Prices on HDTVs are expected to plummet, with 47-inch LCD TVs going for as low as $800, analyst Riddhi Patel of ISupply told the Los Angeles Times. Watch for 42-inch plasma TVs to be selling for as little as $500, he said.
The best deals are expected on the big shopping holiday -- "Black Friday" -- the day after Thanksgiving. Desperate retailers, however, may slash prices again after Black Friday if electronics inventories remain high, the Times reported Saturday.
Some plasma TVs already are selling for less than $1,000, said Paul Gagnon, a director of TV market research for DisplaySearch, adding $1,000 is a psychological barrier for shoppers.
"That's where a lot of consumers make the distinction between a luxury and regular purchase," he said.
TV buyers don't need to take home the best-known brand set these days, but they should check out budget brands' resolution and contrast before pulling out their wallets, Gagnon told the Times.
|
|
|
| Additional Business News Stories | |
KEFLAVIK, Iceland, Feb. 13 (UPI) --
Icelandic officials say they are tapping the country's abundance of green energy resources to establish it as a global player in data storage center industry.
|
DALLAS, Feb. 13 (UPI) --
Possible assembly and servicing in Mexico of UH-60 Black Hawk helicopters is being looked at by Sikorsky Aircraft and a Mexican company.
|
Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
|
Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
|
| Stories | Photos | People | Comments |
View Caption
