holiday shopping forecast
Retail stocks are up, but with the Holiday season fast approaching, economist hesitate getting too excited:
There is a high risk that the American consumer will have a ‘discount staring contest’ with the department stores by delaying purchases until they see a level of discounts that they believe offers them value, says debt analyst Margaret Taylor.
Department stores have already cut holiday inventories to prepare for a weaker shopping season. As shopper’s appetites remain a wild card, the 66.8% increase in retail since March means very little. How much shopping will you do this holiday season?
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