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Holiday sales reported by retail
group weaker than expected

The Record [Hackensack, NJ], by Joan Verdon

Original Article

Posted By:Ribicon, 1/15/2013 2:50:08 PM

Retail sales for Christmas 2012 were significantly weaker than expected, with sales in November and December increasing only 3 percent, missing a forecast of a 4.1 percent gain, the National Retail Federation reported today. The federation, which is hosting a gathering of more than 27,000 retailers from around the world this week at the Javits Center in Manhattan, said the results proved that all of the fiscal-cliff talk and economic uncertainty in December scared shoppers from spending.(Snip) The NRF called the increase "healthy," coming as it did on top of a higher base set in holiday 2011, when

Comments:
Adjust for inflation and especially for the fact that a dollar buys increasingly shoddy merchandise (a shirt today is not the same quality as one bought 10 years ago, and thus not comparable) and we see a sharp drop in spending.

Economy´s never been more sound, though; just ask the government media.

      


Post Reply  

Reply 1 - Posted by: Jethro bo, 1/15/2013 3:08:00 PM     (No. 9118163)

Can´t speak for anyone other than me but I knew my taxes and insurance was going to jump in 2013 so needed all the money I could save. One can´t buy stuff when one can´t print unlimited amounts of money or borrow from the last bastion of capitalism, the communist Chinese.

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Reply 2 - Posted by: Emmajustin, 1/15/2013 3:11:29 PM     (No. 9118172)

It is always "unexpected" for these idiot liberals.
Sheesh............

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Reply 3 - Posted by: Davids918, 1/15/2013 3:36:42 PM     (No. 9118243)

And just read that 40% of all online retail purchases are RETURNED to the store.

I´ll bet for the cash.

This economy is in horrible shape despite over $1 trillion pumped in by Obama and the Democrats each of the last 4 years.

Millions have stopped looking, or aren´t qualified to fill many jobs today.

Democrats keep looking to increase the costs of gasoline, electricity and food which affects the poor, low-income and middle class the most.

Denying coal, oil and other mining operations only increases our costs more, and prevents job creation.


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Reply 4 - Posted by: lydwho, 1/15/2013 3:44:51 PM     (No. 9118269)

You think that things were bad last month, just wait til´ you see what happens in the comming entire year!!!!!

Art

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Reply 5 - Posted by: Mr. Know-It-All, 1/15/2013 3:48:22 PM     (No. 9118283)

Its the same story every year. I can´t remember the last time retailers weren´t whining about their sales not being good enough.

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Reply 6 - Posted by: navybrat, 1/15/2013 5:05:09 PM     (No. 9118475)

Why would they be surprised. People do not have money and taxes and insurance costs have gone up. Things would have been better with Romney as President.

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Reply 7 - Posted by: Patchy Groundfog, 1/15/2013 5:11:43 PM     (No. 9118498)

I believe the retailers have forgotten almost entirely about the ´goods for sale´ part of the transaction.

A Chinese-made $5 sweatshirt marked up to $50 only to be discounted 10%, then 20%, then 30% in a desperate bid for shoppers is still a $5 Chinese-made sweatshirt.

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Reply 8 - Posted by: TXknitter, 1/15/2013 6:04:05 PM     (No. 9118599)

Anyone paying attention knew this - duh. My wealthier neighbors all admitted Christmas scaled back this last year by quite a bit. If we were not totally out of debt, we would have done the same. If people hadn´t used credit cards, the sales numbers would have been terrifyingly low.

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Reply 9 - Posted by: eorsc, 1/15/2013 8:25:17 PM     (No. 9118843)

They aren´t factoring in the people out of work, and particularly the ones who have run out of unemployment insurance. I guess the welfare recipients who get $60,000 a year (including benefits) were still able to have Christmas.

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Reply 10 - Posted by: NJVol, 1/15/2013 8:29:36 PM     (No. 9118847)

I dunno, I thought this year´s sales would be pretty weak; NOT unexpected. Thank you, Obamessiah.

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Reply 11 - Posted by: billa, 1/15/2013 9:03:25 PM     (No. 9118879)

All of this liberal media coverage is outright lies.

Unemployment is soaring and getting worse. Overall retail sales, other than trendy gadgets, are in the tank. Groceries and energy have quadrupled. And, taxes are soaring in every taxable service/product in the most expensive States.

Do not believe anything that is reported as the wizard is behind the curtain. Nothing is unexpected and if it is...these people need their MBAs taken away from them as they clearly learned nothing about economics.

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