Is Shopping Out of Style?

Experts call season 'horrible, terrible'

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AP

Bad economy. Bad weather. Bad turnout for Friday's after-Christmas bargains. So it's not hard to figure out that means bad news for the retail business. 

"The results will be a debacle. Horrible. Terrible. Sales will be down maybe 6 percent [from last year] -- the worst in 50 years," Howard Davidowitz, chairman of Davidowitz & Associates Inc., a New York-based national retail consulting and investment banking firm told the Chicago Sun-Times.

December sales reports won't be released for another two weeks. But one report suggested holiday retails sales dropped as much as 4 percent from last year. 

Copyright CHIST - SunTimes
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