1. How The Economy Has Affected Holiday Spending
... year, predictions for holiday spending were very low, but analysts were surprised: Spending was actually even lower than expected. A division of MasterCard showed holiday spending this year was down by as much as 4% over the same period last year, making this year the worst holiday season for them in modern times. Even retail behemoths such as Gap experienced a drop in sales by close to ... 20 percent. Best Buy and other electronics and appliance stores experienced even more significant drops than that. This trend may spell bad news for smaller, less powerful retailers, and threaten to ...
- Word Count: 431
- Approx Pages: 2
- Has Bibliography