Friday, November 20, 2009
Mixed Forecasts for Holiday Spending
This article discusses the difficulties in predicting the holiday shopping season this year. There is an odd mixture of positives and negatives that are making it significantly less simple to forecast how well retail sales will do. The overall consensus seems to be that sales will drop no more than 1%, and will increase no more than 2.4% during the period of November and December. Despite this relative agreement however, there are still many disagreements existing on how exactly retail sales will perform and which areas will or will not sell well.
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1 comment:
I think that with the holiday season approaching there might be a lifeline for our economy. Although there is a mixed forecast of whether sales will rise or fall, I think that this time of year is our best bet for sales to rise. Hopefully consumers will go out and buy a lot of things this season to help spur the economy a little.
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