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  Topic: US holiday retail sales
growth weakest since 2008
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US holiday retail sales
growth weakest since 2008

Associated Press, by Daniel Wagner

Original Article

Posted By:Dreadnought, 12/25/2012 10:31:56 PM

WASHINGTON — U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers´ rising uncertainty about the economy. A report that tracks spending on popular holiday goods, the MasterCard Advisors SpendingPulse, said Tuesday that sales in the two months before Christmas increased 0.7 percent, compared with last year. Many analysts had expected holiday sales to grow 3 to 4 percent. In 2008, sales declined by between 2 percent and 4 percent as the financial

      


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Reply 1 - Posted by: rinohunter, 12/25/2012 10:35:13 PM     (No. 9083600)

Typical AssPress article...blame the weather, blame some ethereal notion of consumer sentiment etc....but never, ever mention the possiblity of Purple-Lipps and his policy for the nation and his adversity to business.

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Reply 2 - Posted by: Patchy Groundfog, 12/25/2012 10:51:47 PM     (No. 9083612)

The quality of goods has fallen off the charts.

I went through an entire upscale mall looking for quality instead of ´fashion´ (read: cheap tat at any price) and felt like I was in search of a virgin in a cathouse.

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Reply 3 - Posted by: LittleHoodedMonk, 12/25/2012 10:58:49 PM     (No. 9083615)

FTA: "U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession."

I don´t remember there being "the deepest recession" in 2008, because 0bama & the dRATS prior to the election were trying to find one. It wasn´t until he was in office, spent our TARP money that there was suddenly this "minor recession." But of course, it began with President Bush. The Associated Press can´t bring themselves to blame our current pResiident. It had to be global warming.

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Reply 4 - Posted by: smcchk, 12/25/2012 11:26:48 PM     (No. 9083630)

I hate our MSM as much or more than Obama. Sorry to say that on today of all days but why should this country be in decline? Because the MSM and Obama has willed it to be so.

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Reply 5 - Posted by: SouthSanAntonio, 12/25/2012 11:54:58 PM     (No. 9083642)

After watching the nation that I have spent 50+ years loving die on November 6th, I just wasn´t in too much of a mood to do much shopping this year. I´m funny like that.

I did buy myself a nice new pistol and lots of ammo. So I helped a little, I guess...

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Reply 6 - Posted by: woodsman, 12/26/2012 12:43:22 AM     (No. 9083662)

"US holiday retail sales
growth weakest since 2008"

In other news... sales of high power semiautomatic rifles pistols and ammo are at an all time high

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Reply 7 - Posted by: jl80863, 12/26/2012 1:01:24 AM     (No. 9083670)

B Ho said we have recovered. Would he lie?

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Reply 8 - Posted by: steveW, 12/26/2012 2:07:29 AM     (No. 9083703)

When you have nothing to celebrate but four more years of Revengeful Idiots ruling over the destruction of your country, you tend to depress retail growth a wee bit.

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Reply 9 - Posted by: Charactercounts, 12/26/2012 2:43:36 AM     (No. 9083713)

Agree, #2. Most of the merchandise was ugly, tawdry and cheap-looking. Most of it was made in China, Vietnam, or Egypt.

I wouldn´t wear it, and I´d be ashamed to give most of it to others as gifts.

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Reply 10 - Posted by: Illinois Mom, 12/26/2012 6:06:47 AM     (No. 9083750)

Retailers were gearing up for Romney win...when that didn´t happen they knew they were doomed.

In September and October the businesses I dealt with were excited. Many were preparing new marketing campaign´s and re-branding in anticipation of big Christmas season...As soon as Obama won the CFO´s pulled the plugs, and the consumer´s scaled way back on their buying plans.

"Don´t part with cash" is back for AT LEAST two more years if we don´t take BOTH houses of Congress in 2014.


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Reply 11 - Posted by: 3XALADY, 12/26/2012 6:24:40 AM     (No. 9083756)

Perhaps not a lot left over for shopping from the gooberment handouts for unemployment and newly found disabled?

Our house didn´t spend much for Christmas because there are no kids and we really didn´t need anything. DH did get me a Christmas nightlight from Dillard´s which I am returning this morning because when I plugged it in and turned it on, the flicker bulb immediately went out. Also the plug didn´t have that third ´leg´ and it was very wobbly in the outlet. Made in China, of course.

We have some ornaments made in Poland which last year were $29 to purchase (but we got at clearance). This year, the Polish ornaments were $59.

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Reply 12 - Posted by: Keekng, 12/26/2012 7:02:31 AM     (No. 9083784)

Thank you, obama.

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Reply 13 - Posted by: vrb8m, 12/26/2012 8:31:57 AM     (No. 9083881)

Forward.

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Reply 14 - Posted by: Westie64, 12/26/2012 8:33:43 AM     (No. 9083883)

We spent our Christmas gift money on a new leather recliner. Within 15 minutes of the delivery truck´s leaving, the handle on the chair fell off. Made in China.

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Reply 15 - Posted by: ROLFnader, 12/26/2012 9:28:43 AM     (No. 9083970)

In other news, those who sell guns and ammo( bless their hearts) have seen the equivalent of three year´s sales in the past week or so. It´s about time people started buying sensible gifts. When that treadmill becomes a sweater dryer in a few months, you´ll still experience enhanced peace of mind.

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