There are some interesting comments to the post below by Kevin Drum. He mentions that he went to a mall and there was no holiday crowd. I can relate. I try my best to avoid malls this time of year. Actually, I try to avoid them ANY time of the year; I’m just not into bumping shoulders with dozens of strangers, fighting for gifts and waiting in lines to pay for them. However, I was forced to make a run to one of the major national retailers, looking for a specific gift. And that retailer was at our mall. I went on Saturday, anticipating the usual crowd. To my amazement, there was no crowd at that story, nor did the parking lot appear to be any more crowded than a normal weekend. My “instant analysis”? That was not a good sign for the stores. Others, it seems, experienced much the same, all around the country.
Michael Barbaro has a followup story about weak holiday season sales today, and this time he takes inflation into account: “A final sales tally from the season will not be available from most chains until next week. But an early projection [...]
Tags: Economy
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