The recession might be winding down, but holiday retail sales are expected to remain flat, according to a new forecast. Deloitte’s Retail group expects total holiday sales to reach $810 billion this year, no change from the 2008 U.S. activity from November to January. Carl Steidtmann, chief economist with Deloitte, says while economic indicators are moving in the right direction, shoppers are still burdened by high unemployment, tight credit and foreclosures. Holiday sales dropped 2.4% last year from 2007 figures, the first decline in activity since 1967, Deloitte says.
Holiday sales expected to remain flat
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