back to reality, yes. and the reality is, people are saying do i really want to get in my car in sub-freezing temperatures, drive to the mall and slog across the parking lot and they are saying, no. right. the answer is no, and we saw this dip in retail sales in january. it took a hit of about .4%, so it doesn t sound like very much, but if you look at the big picture here, clothing, for example, took a hit of .9%. that s a decrease in clothing sales, right, furniture sales, .6% and retail sales in general, .1%. so when you look at that whole picture together, you re seeing everyone not go into stores, in addition to the fact macy s just reported out their earnings. they said this weather, and as retail analysts, we balk at the fact they use weather as a point to justify these low retail sales, but check this out, 244 stores were closed out of the 840 stores that macy s, you know, bloomingdale s, out of
to 50% off on top of sales up to 75% off. new year s day is the best time to buy furniture. that s what brent beamer says. it has become tradition for people to shop for furniture on that day. new furniture lines come out in february. so there s old product to move. also, the second or third product of the year. for mattress sales. mattress sales caught on to the furniture trend and they piggybacked with the major furniture sales. think super bowl weekend. the perfect storm. consumer electronics store in january. super bowl is in early february. retailers are moving out the old stuff and how about a new car? did you know that december 31st is the best day. dealers and auto makers want to meet their year-end goal. hunt for 0% financing for people who qualify and hefty cash
right? looking at live pictures outside macy s in new york city. but it s a good day to take advantage of good afterholiday sales. christine romans shows what bargains are out there and what to look for in the coming days. reporter: the most selfish time of the year, after christmas, discount are deep and shopping for everyone else is done. best afterchristmas sales clothe, banana republic, french connection. extra discounts of 30% to 50% off on top of sales up to 75% off. new year s day, best time to buy furniture. that s what brit beamer says. it s become a tradition for people to shop for furniture on that day. new lines come out in february, so old product to move. second or third biggest day of the year for mattress sales, mattress companies caught aunt to the furniture trend and piggy backed with major furniture sales.
buy furniture right now. very good time to buy furniture and linens and towels. the white sales are going on. furniture sales are very good this time of year. in part because it s a very slow time for them. but new models come out in february and then in august. so the old models are discounted the month before, which would be now and july. so furniture, sofas, tables. mattresses is one you want to hold off on? steve: why? president s day sale. steve: of course. that s when they have the big sales. big blowouts. hold off. if you ve got a lumpy mattress, maybe you can wait another month to replace it. steve: winter wear. it is freezing outside. perfect time to buy a new coat, right? very good time. this is when retailers start getting ready for the spring gear. so they start the initial markdowns on the winter coats. maybe 30, 40% off. the deals become more significant in a month or two. but there is not going to be much left. if you find a winter coat you like, i would bu
the jewelry district, and it s popularly known as the diamond district. it s made up as narrow lanes and alley ways, and usually very, very crowded. especially at rush hour. and at the scene right now, there are lots of police personnel over here, and lots of journalis journalists, and curious on lookers. the police are trying to clear the area and get everybody away. we have seen shattered glass on the ground. and the police have covered some cars at the moment, and a few are addressing the journalists at the moment. it s a chaotic scene. can you walk us through the targeted areas and give us a brief idea of why those areas are so significant? reporter: sure. all three areas are really crowded, congested areas. let me tell you about the first area in the north which is the area of sadr. it s very close to an important railway station. remember, mumbai is a city that defends on its workforce. you have millions of people who commute into the city on local trains every sing