Awful start to the holiday season...
Saturday, December 6, 2008
By: Katie Schaefer
This Christmas is not going to be like other Christmases. There is going to be a lot more people staying home and maybe even less presents under the tree.
Much like all of this year, money is quite the issue. According to the International Council of Shopping Centers, this has been one of the worst starts to Christmas shopping yet.
With the economy being like it is, shopping is only probably going to get worse. All retail stores are struggling right now excluding Wal-Mart.
Sales in November dropped 7.7 percent, which is the lowest it has been in a lot of Novembers. The ICSC predicts that sales are going to drop 10 percent which could make this Christmas the weakest Christmas shopping on record.
There aren't as many people traveling either. Even though gas prices are starting to drop, it still costs a lot to buy a plane ticket.
Even big name brand department stores like Macy's and Saks Fifth Avenue are struggling. No one can afford the economy right now.
With it beginning to look a lot like Christmas, people are starting to get more and more nervous about how they are going to be able to afford the expensive holiday.
