Three Kings Day gives gift of sales
To get a post-holiday sales bump after a rough season, retail chains like Wal-Mart are promoting products for Three Kings Day, a traditional post-Christmas Hispanic holiday. Dan Grech reports.
A parade participant and his dog dance in the 2006 Three Kings Day parade in New York City. (Mario Tama/Getty Images)
More on Retail
TEXT OF STORY
Doug Krizner: It was a bleak holiday shopping season for the nation's retailers. Sales grew by their slowest rate in at least four years. Now, some chains are hoping for a little post-holiday bump from the nation's largest minority group, Hispanics. Wal-Mart, in particular, is heavily promoting an upcoming holiday not normally celebrated in the U.S. From Americas Desk at WLRN, Marketplace's Dan Grech has more.
Doug Krizner: El Dia de los Reyes Magos, or Three Kings Day, is celebrated this Sunday. It marks the day the three wise men showered baby Jesus with gifts.
Carlos Ramirez is with Lopez Negrete Communications, the nation's second-largest Hispanic marketing company. He says many Latinos celebrate the holiday for 12 days after Christmas.
Carlos Ramirez: The Three Kings is a very heavy gift-giving celebration. Within certain cultures, gifts can be exchanged as much as, you know, every single night.
His firm works with Wal-Mart to promote Three Kings Day. Over 300 stores have displays and products geared to the celebration.
Ramirez: It positions Wal-Mart as a company that knows and cares about the traditions of its customers, and for that matter its own employees.
A Three Kings parade in Miami, sponsored by K-Mart, is expected to draw half a million people.
I'm Dan Grech for Marketplace.
