Niemira says only half of americans polled recently have finished their Holiday Shopping. The consumer is behind on their completion. That means we rely much more on the next few days for it to pick up dramatically. Reporter because of all the fiscal cliff doom and gloom, retailers are worried. And perhaps they should be. After all americans think their personal finances will take a hit next year. And that might mean fewer gifts under the tree. We believe that the post black friday lull that weve seen in the last three weeks that consumers are spending at a very restrained rate simply because they dont have the money and theres a little bit of a fear factor out there. Reporter but, there are those who say its wrong to credit the fiscal cliff for the lackluster Holiday Shopping season. More likely they think shoppers are playing a game of chicken with retailers, waiting for more stores to drop prices. If thats true, shoppers may be disappointed. Will retailers react to the softness weve
Reporter retail expert mike niemira says only half of americans polled recently have finished their Holiday Shopping. The consumer is behind on their completion. That means we rely much more on the next few days for it to pick up dramatically. Reporter because of all the fiscal cliff doom and gloom, retailers are worried. And perhaps they should be. After all americans think their personal finances will take a hit next year. And that might mean fewer gifts under the tree. We believe that the post black friday lull that weve seen in the last three weeks that consumers are spending at a very restrained rate simply because they dont have the money and theres a little bit of a fear factor out there. Reporter but, there are those who say its wrong to credit the fiscal cliff for the lackluster Holiday Shopping season. More likely they think shoppers are playing a game of chicken with retailers, waiting for more stores to drop prices. If thats true, shoppers may be disappointed. Will retailer
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