| The projected increase in retail would be the slowest holiday sales increase since 2002. |
Prospects usually brighten for the nation's retailers on Black Friday, but this year, the outlook is so-so.
The National Retail Federation predicts that sales will increase 4% in November and December to $474.5 bln. The 4% jump in retail sales sounds like good news for an economy afflicted with a case of the jitters as the sub-prime mortgage mess and credit crunch deepen, but the projected increase would fall below the ten-year average of 4.8% growth and would represent the slowest holiday sales increase since 2002, when sales edged up 1.3%, the trade organization says. Check out sites like the Official Black Friday 2007 Web Site for bargains from Sears, Dell and major retailers such as Circuit City (CC), Best Buy (BBY), Lowe's (LOW), Costco (COST), Target (TGT) and J.C. Penney (JCP). Shopping.com is a good place to start and there's always something on Amazon.com (AMZN) and eBay (EBAY) |
No comments:
Post a Comment