Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Christmas Shopping? What Christmas Shopping?


Here for Christmas: Slow sales, layoffs.


Santa Claus may be hard at work as the holidays approach, but he will find many Americans struggling with a troubled economy. A CNN poll on holiday shopping suggests that what many of us suspect is true: This will be the worst Christmas shopping season on record.

Let's take a look.

CNN Shopping Poll

Slow Sales And Layoffs

Here for the holidays: Slow sales and layoffs. The Small Business Optimism Index fell 5.4 points in October - the third-worst reading in the history of the survey. Moreover, the number of owners reporting increased sales over the past 3 months fell to the lowest level in history of the survey.

Fewer Gift Cards this Holiday Season

On October 21, speculating about the bankruptcy of Circuit City, I offered these Circuit City-inspired Christmas Shopping Tips, centered on my advice "to shop less and save more. Your job could be in jeopardy - and you may not even know it. Frugality is the new reality for consumers and businesses alike."

Circuit City did go bankrupt; following its demise, a Retail Tsunami Hit Gift Cards.

The National Retail Federation reports shoppers will give fewer gift certificates this season and head to the sale rack instead.

And CNN says that spending is expected to be more Scrooge than Santa this year.

< Previous
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos