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Is the Holiday Season Living Up to Retailers’ Expectations?

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  • Description

    FBN’s Adam Shapiro on how retailers are doing this holiday season.

  • Duration 1:41
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They -- coming up.

Now to today's other big story holiday shopping after strong Black Friday sales forecast.

Called for a very busy holiday season did shoppers live up to those expectations.

Street -- -- -- answers where are we out of.

Well it's a classic TV answer to that question depends -- yes The National Retail Federation is saying that at the end of the day holiday season will still be four point 1% growth.

Over last year 586 billion dollars season.

We won't be there until January but they get shopper track -- says.

That through the week of December 15 sales were actually trending down over 4% compared -- the same time last year.

So there believing that they're gonna have to revise their overall holiday outlook they were expecting sales growth of 3.3 percent for the total holiday season.

Now they're predicting 2.5 percent online sales just the period October 28 to just last Saturday.

Wall Street was expecting fifteen to 17% growth but shopper -- -- rather MasterCard -- spending is saying that that one snapshot October 28 to Saturday.

Is showing that online sales are only increasing about eight point 48 point 5%.

So you take a look at this the stocks look retail stocks brick and mortar this year those stocks are up 20% on -- sales are up.

Our online stocks are are roughly 55%.

When you look at the holiday sales season.

It's -- way it's going to depend on what happens after January.

Which you've got emerging is the NRF saying it's going to be fine don't panic.

And what you've got the people average shopper track saying it is -- it -- to be as good as we ain't gonna be as good as we thought.

Back to you that's a sentiment I'm here yeah Adam Shapiro thank you very much let's talk about.

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