While initial holiday sales predictions were robust in calling for as much as a 6 percent increase over last year, the initial verdict on overall sales could be far less than those original predictions. Still, I think it’s too early to write off this holiday shopping season as a bust. In fact, many reports are […]
MasterCard
Holiday Retail Sales
I had the chance to address holiday sales on Money for Breakfast December 26th. MasterCard Spending Pulse Unit was already reporting that December sales through Christmas Eve were down 8% over 2007. That’s sales! The bigger question is what does this mean for profits? As I mentioned in the segment, this could equate to profits […]