Consumers Spending Less This Holiday
Thirty percent of consumers say they will spend less money during the upcoming holiday shopping season than in years past, according to leading market research company The NPD Group, Inc. This is a slight increase from last year’s poll of consumers asking the same question.
The National Retail Federation is projecting holiday retail industry sales to decline 1% this year to $437.6 billion. While this number falls significantly below the 10-year average of 3.39% holiday season growth, the decline is not expected to be as dramatic as last year’s 3.4% drop in holiday retail sales.
A 3% decline in annual retail industry sales is expected for 2009 as a whole.
A separate survey by Burst Media says 85.3% of respondents will shop online this holiday.
Filed Under: Featured • Marketing/Media
About the Author: Sarah Skates is News Editor of MusicRow Communications. Now in her fifth year with the company, she handles much of the publication's news flow and contributes to @MusicRow, Afternoon News, and the print magazine.
I love it, since when did WTF become profanity? Kind of reminds me of Natalie Maines... 
Your Nashville Beotches say,"ROCK ON DAVID ROSS!" 
There are things more important to me than country music, Mr. Ross.
Keep your profanity to yourself. You ...