Retail Sales Low This Year
ST. PETERS, MO (KTVI)– Retailers are saying ba-hum-bug to the holiday shopping season. Sales this year are the weakest since 2008.
Storms and uncertainty among consumers are being blamed on the slower than expected sales.
Several shoppers are looking for big bargains as retailers tried to get rid of excess inventory.
The National Retail Federation predicated 4.1% sales growth his year, the weakest since 2008.
Mild weather meant people buying less winter wear.
And the Fiscal Cliff reality helped drive sales below expectations nationwide.
Plastic was the payment of choice at L&M Industries who had a pleasant Christmas, sales wise.