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Is Shopping Out of Style?

Experts call season 'horrible, terrible'

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    NEWSLETTERS

    Is Shopping Out of Style?
    AP
    Retail experts are calling this holiday shopping season one of the worst in 50 years.

    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.