Retailers Banking on Post-Christmas Shopping Boost

Ad Feedback

Retailers are hoping for a boost in post-Christmas shopping, something the economy badly needs.

Early figures show this holiday shopping season has been the weakest since 2008.

Some analysts say consumer spending was curbed by Superstorm Sandy, the Newtown shooting tragedy, and the fiscal cliff threat in Washington.

"There was this absence of joy for the holiday. There was no Christmas spirit. There have been just too many distractions," Marshal Cohen, chief research analyst at the market research firm NPD Inc., said.

Stores are banking on post-holiday returns to bring people in. In addition, this week many shops are opening early and closing late.

Experts say special promotions and new markdowns often make after-Christmas deals better than Black Friday.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.