1. How The Economy Has Affected Holiday Spending
... , 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 ... of business. Larger, stronger businesses, although they may find themselves with less competition for market share, will also have to face laying off more and more of their employees the longer the recession continues. As...
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