Experts forecast sluggish holiday shopping season

Experts predict the recession will hit retailers hard and could make this year the worst holiday shopping season in nearly two decades.New statistics from America's

STRATFORD - Experts predict the recession will hit retailers hard and could make this year the worst holiday shopping season in nearly two decades.

New statistics from America's Research Group indicate a tight spending season. Job losses, the credit crunch and falling home prices are expected to keep shoppers away from stores.

More than 40 percent of people surveyed said they feel guilty spending. Despite discounts being offered by stores to lure in consumers, many people purchasing gifts said they're scaling back.

"We're trying to really, really focus on what the kids really want," said Renee Karl, a shopper at Stratford's Wal-Mart.

advertisement | advertise on News 12

Trending Video

A former corrections officer faces 45 years in 1 Former corrections officer found guilty in deadly 2014 car wreck
2 Connecticut Sportscast, Dec. 9
Local police departments are warning residents to be 3 Fairfield police warn to be wary of thieves stealing packages
4 Money Matters: Self-employed retirement savings
About 500 volunteers helped at Saturday's event. 5 Volunteers wrap thousands of gifts for children in need

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE