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 Research Group indicate a tight spending
•
Dec 9, 2008, 11:55 PM
•
Updated 5,994 days ago
Share:
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.
More from News 12
0:54
Norwalk kicks off Stamp Out Hunger food drive
1:29
STORM WATCH: Soggy Friday with multiple inches of rain expected for Connecticut
1:33
Winsted woman faces new animal cruelty case out of Norwalk, bringing total to 40 counts
3:23
Main Street Connecticut: Exploring activities in Milford
0:33
Police: Man charged in sexual abuse case from 1980s in Watertown
1:45
