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Shoppers disappoint retailers this holiday season
Shoppers spent cautiously this holiday season as retailers slashed prices to lure buyers. MasterCard SpendingPulse shows a 0.7 percent rise in electronics, clothing, jewelry and home goods over last year, well below forecasts and the weakest since 2008. Weather, economic uncertainty, Newtown, and looming fiscal cliff weighed on spending, with online sales up 8.4 percent, and regional declines and gains reflecting varied consumer demand.
MENTIONED IN THIS ARTICLE
Washington
Uss
MasterCard Advisors
ShopperTrak
Newtown
Conn
Michael McNamara
McNamara
Marshal Cohen
NPD Inc
Cohen
Macy’s
Target
Northeast
mid-Atlantic
U.S
Congressional Budget Office
Midwest