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Holiday Sales Growth Weakest Since 2008

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  • Description

    FBN’s Adam Shapiro on the factors impacting this year’s holiday retail sales.

  • Duration 1:38
  • Date

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This transcript is automatically generated

And frankly during the year Adam Shapiro joining us.

It's a lot of times we see that high end can hold up during the holidays vs a low end or vice -- are there any real winner is this here.

Well -- the consumers are for instance -- offering up to 70% off on some items Kenneth Cole is sending out email.

Coupons -- are lots of retailers right now offering anywhere from thirty to 60% off.

But when you take a look at the numbers this may not be -- a holiday shopping season that they had anticipated.

First let's look at what's happened this is according to spending calls MasterCard spending most.

It's a reflective of all kinds of spending not only credit cards -- cash checks and what they see that sales growth between October 28 through December 24.

Will only grow by about seven tenths of a percent.

We've got the numbers last week rather on Monday regarding.

Another survey which shows that it's time to revise the overall holiday.

Growth period and shopper track was telling us on Monday that they're revising down from 3.5 percent growth to 2.2 percent.

And then you've got The National Retail Federation.

They are still holding to -- fact that they believe we'll see year over year growth of four point 1%.

And have a 586 billion dollars season.

The problem is that the spending Paul's track indicates an RF may be off.

Why super storm sandy he hit the regions of the country where we saw the biggest drop off in spending in that -- period between October 28 and December 24.

There were some rebounds.

Shopping did come back towards the last part of the holiday shopping season at least up until Christmas Eve but it wasn't sufficient to get -- back on track what everyone at first expected.

Back to you all right thank you Adam Shapiro.

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