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Transcripts For KQED Nightly Business Report 20121215

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 fo ....

New York , United States , District Of Columbia , New Jersey , Saudi Arabia , Atlantic Ocean , Richard Schultz , Sylvia Hall , Sandy Lincoln , Suzanne Pratt , Susan Pratt , Karl Sewell , Fear Factor , Holiday Shopping , National Average , Main Reason , Consumer Prices , Wall Street , Street Investors , Gas Oil , Founding Partner , Hurricane Sandy , Number One , Royal Dutch , Royal Dutch Shell , Dutch Shell ,

Transcripts For KQED Nightly Business Report 20121215

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 chicke ....

New York , United States , District Of Columbia , New Jersey , Saudi Arabia , Atlantic Ocean , Richard Schultz , Sylvia Hall , Sandy Lincoln , Suzanne Pratt , Susan Pratt , Karl Sewell , Mike Niemira , Fear Factor , Holiday Shopping , National Average , Main Reason , Consumer Prices , Wall Street , Street Investors , Gas Oil , Founding Partner , Hurricane Sandy , Number One , Royal Dutch , Royal Dutch Shell ,