Holiday sales flat, consumer electronics down
FROM TWICE: Report says consumer confidence is growing
By Alan Wolf of TWICE -- Video Business, 9/23/2009
SEPT. 23 | FROM TWICE: Fourth-quarter retail sales will be flat to last year, when holiday revenue fell 4.5 percent, according to the latest forecast by market research firm Retail Forward.But sales through the consumer electronics specialty store channel are expected to decline, due in part to the loss of Circuit City, the firm said.
The projected sales results, based on core distribution channels and merchandise categories, would rank the coming holiday season as the second-worst in 42 years.
But not all is gloom and doom. According to Retail Forward senior economist Frank Badillo, softer sales declines in August suggest an emerging retail recovery that will be driven by growing consumer confidence.
Read the full story on TWICE.com
