Friday, December 26, 2008

2008 holiday sales season is one of the worst for retailers in decades

That according to CNN:
Among the early sales tallies, new estimates from MasterCard Inc.'s SpendingPulse Data service indicated that total store sales fell about 3% in November and December combined.

That would be significantly worse than the original forecast from the National Retail Federation (NRF), which anticipated a 2.2% gain for the period.

The NRF's projection would still be the weakest holiday sales gain in six years. That is, if it makes it to that level - NRF spokesman Scott Krugman said Friday that "it is going to be very difficult to hit that number.

On the lighter side, it's also been announced that starting Sunday, Wal-Mart will start selling the iPhone, with one last attempt to kill off the rumor that there will be a $99.00 iPhone sold there being pointed out.

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