We are still a few months away from the holiday season but retailers are already wringing their hands. With the stock market slumping, higher food and gas prices and the unsteady real estate situation, predictions for a slim Christmas season abound. Deloitte LLP is saying that retailer should expect a holiday sales increase of 2.5 to 3% over 2007 during the November to January period, which is less than last year's 3.4 percent which was also relatively low overall. Retailers will likely be rolling out all sorts of temptations from pop-up stores and special deals to the continued promotion of all things "green."So far, the high-end luxury market has been a bright spot for retailers during this extended economic crunch but recent stock market uncertainty may give even the biggest spenders a case of the Scrooges.
Reader Comments (Page 1 of 1)
9-18-2008 @ 6:24AM
Jeremy said...
I think that as long as there is some sort of increase, it cant be all that bad. Is there any info regarding chain versus independent shop forecasts? or any geographic details?
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9-18-2008 @ 11:00PM
Graffitimonkie said...
Without any home equity line to pull from little Timmy may have to celebrate Xmas this year with good ol family gatherings and not materialism. That is a better trade off I'd say.
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