Posts Tagged ‘holiday shopping’

Online retail down 3%

January 1, 2009

I’m not sure how accurate these surveys are but if online retail is down, then retail overall must be down even more.

News release

Holiday spending down significantly

December 28, 2008

I have been skeptical of the National Retail Federation’s reports about holiday shopping.  First, they reported that people wouldn’t be increasing their holiday spending as much as anticipated.  Then they reported that people were “procrastinating” in making their purchases.  They haven’t released any post mortems on the holiday shopping season but they did request Obama offer a sales tax holiday as part of his stimulus package to help retailers.

However, there is a report out on holiday spending and it isn’t pretty.  While sales overall were down between 5% and 8%, that was helped by the decline in consumer prices, driven by lower energy costs.  In the apparel, electronics and luxury sectors, spending was down between 20%- 35%.  Ouch.

Full report

Retailer Association’s eternal optimism

December 17, 2008

Here’s the headline:

Average Person Has Completed Far Less Holiday Shopping Than in Previous Years,”

A couple months ago when it was clear things were turning real bad, they released a survey that suggested people would be only slightly more stuff this holiday season than last year.  My reaction was, really?   During the worst downturn in seventy years, people are going buy more plastic junk than last year?   With the headline above, I think they are still living in denial-land.   I hate to break it to you National Retail Federation but people aren’t waiting.  They aren’t gonna buy as much, period.