Good news!

The actual article isn't so exciting, here's my summary of the important parts:

"Bargain hunters are in for fire-sale prices this holiday season, although shoppers at upscale stores still may have to pay top dollar........... Wal-Mart will likely step up pressure on other retailers of toys and electronics. In a statement to investors that accompanied the October results, Tom Schoewe, Wal-Mart's chief financial officer, said: "Price rollbacks on key toys that went into effect in mid-October generated significant lift in unit volume." ...........Discounting will be particularly welcome news for lower-income shoppers. They haven't seen the same kind of momentum from wage growth and jobs creation that well-heeled consumers have felt. The Labor Department's latest numbers show that the industries that have been hiring are in services, education and health, while the number of retail and manufacturing jobs has fallen.........."Persistent gains in jobs and income are skewed toward the management and professional jobs held by higher-end consumers," says Frank Badillo, senior economist and vice president at research firm Retail Forward. "