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Round-Up of Holiday Spending Surveys, Reports
If the following round-up of holiday spending surveys and news reports (with salient quotes) is anything to go by, those who have been counting on a V-shaped recovery in the (consumer-dependent) U.S. economy might want to reconsider
Submitted by
AmericanConsumer
11/24/2009
HyperLink play it email it
AmericanConsumer
11/24/2009
AmericanConsumer is playing it
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I am playing this headline with (XRT ROB RTH RTL) because "Consumers are approaching the holiday season very cautiously," says Lynn Franco, Director of The Conference Board Consumer Research Center. "Job losses and uncertainty about the future are making for a very frugal shopper. Retailers will need to be quite creative to entice consumers to spend, both in stores and online this holiday season, as consumers most certainly will expect major markdowns and bargains."
 
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