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Early Data Show Weak Holiday Sales
Wall Street Journal ^ | December 25, 2012, 5:57 p.m. ET. | SHELLY BANJO

Posted on 12/25/2012 4:22:09 PM PST by Steelers6

The annual holiday shop-a-thon drew to a muted close for many retailers, according to preliminary data, reflecting what some experts said was the slowest growth in spending since the 2008 recession.

For the eight weeks from Oct. 28 through Christmas Eve, retail sales for the holidays rose just 0.7% from the year before, according to MasterCard Inc.'s SpendingPulse unit.

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A man with shopping bags sleeps in Macy's in New York on Monday. . After falling 5.5% in 2008, holiday sales rebounded strongly in 2009 and 2010, and rose about 2% last year, according to the company's data, which are based on sales activity in the MasterCard payments network and estimates for all other forms of payment, including cash and checks. The figures exclude restaurants and sales of automobiles, groceries and gasoline.

This year, "it's a lost season," said Michael McNamara, Spending Pulse's vice president of research and analysis. "Sales and volume are about the same as last year, but the growth was marginal."

He and other analysts said a steep sales decline in the mid-Atlantic states that were walloped by superstorm Sandy dragged down the overall tally.

Retail consulting firm Customer Growth Partners said 2012 looks like the worst holiday-shopping season since 2009. Sales rose roughly 2.8%, after a 5.8% jump in 2011, according to its president, Craig Johnson.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: bad; christmas; obamanation; obamanomics; obamasfault; season; shopping
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Really, how many times in the past few weeks the media has been saying this is a great Christmas Black Friday, Online Monday, last few days has been way above last years numbers. I'm not surprised considering Obama and the caving Boner are not good for the Economy.
1 posted on 12/25/2012 4:22:20 PM PST by Steelers6
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To: Steelers6

They have to talk to Obama before they put out real (cough, cough) numbers. Our stores were packed....more so than last year and the nice weather helped.


2 posted on 12/25/2012 4:28:01 PM PST by Sacajaweau
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To: Steelers6

Probably Bush’s fault.


3 posted on 12/25/2012 4:28:08 PM PST by fhayek
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To: Steelers6

Sandy will bring a boom....Things have to be replaced and the infrastructure repaired.


4 posted on 12/25/2012 4:29:34 PM PST by Sacajaweau
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To: fhayek

we didn’t buy gifts....


5 posted on 12/25/2012 4:30:22 PM PST by nevermorelenore
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To: Sacajaweau

Buy American.

Stop importing everything.


6 posted on 12/25/2012 4:30:59 PM PST by Cringing Negativism Network
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To: Steelers6

I didn’t spend a dime.


7 posted on 12/25/2012 4:31:14 PM PST by SueRae (It isn't over. In God We Trust.)
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To: Steelers6

That’s because they did not include GUNS AND AMMO in their calcualtions.


8 posted on 12/25/2012 4:32:00 PM PST by Dogbert41 (What now?)
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To: Cringing Negativism Network

We are no longer manufacturers. Try and find made in America.


9 posted on 12/25/2012 4:32:56 PM PST by Sacajaweau
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To: Steelers6

This is quite unexpected...


10 posted on 12/25/2012 4:32:56 PM PST by abb
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To: Steelers6
I can attest to that......

I've sold items on-line for many years....This year has been the worst.

Last year wasn't much better....

11 posted on 12/25/2012 4:33:57 PM PST by Osage Orange ( Liberalism, ideas so good they have to be mandatory.)
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To: SueRae

Same here...neither my wife nor I spent a dime...


12 posted on 12/25/2012 4:36:25 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Steelers6

seems like i remember sales were just fine before the election


13 posted on 12/25/2012 4:36:36 PM PST by InvisibleChurch (the mature Christian is almost impossible to offend)
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To: Sacajaweau

RUGER!!!!!


14 posted on 12/25/2012 4:38:56 PM PST by Gaffer
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To: Sacajaweau

One of our two parties is going to get with it, and start demanding changes in the way we deal with imports, vs domestic production.

If one of our two current parties doesn’t, then a new party will rise to power with the agenda and smoke both of the current parties.

GOP. Get with it.

Not soon. NOW!


15 posted on 12/25/2012 4:40:00 PM PST by Cringing Negativism Network
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To: Gaffer

And CCI


16 posted on 12/25/2012 4:40:00 PM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: Gaffer

HENRY REPEATING ARMS !!!!!


17 posted on 12/25/2012 4:40:09 PM PST by Gaffer
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To: Steelers6

Might help if they would quit spitting on Christmas in their loathsome advertising. I take names on who uses “holiday” instead of Christmas. They insult me and then want my money.


18 posted on 12/25/2012 4:40:19 PM PST by Luke21
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To: Steelers6
Some sales were through the roof...


19 posted on 12/25/2012 4:40:48 PM PST by RoosterRedux (He will separate the people one from another as a shepherd separates the sheep from the goats)
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To: SueRae

I bought the staples, ammo and cigars.


20 posted on 12/25/2012 4:41:43 PM PST by depressed in 06 (America conceived in liberty, dies in slavery.)
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To: Sacajaweau

>>Try and find made in America.<<

Yet another “Union benefit!”


21 posted on 12/25/2012 4:43:06 PM PST by freedumb2003 (MOLON LABE)
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To: depressed in 06

I spent a fraction of what I used to. F Obama.


22 posted on 12/25/2012 4:46:44 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: Gaffer; Sacajaweau
RUGER!!!!!

Kimber. I read that Weatherby is returning manufacturing to the US.

23 posted on 12/25/2012 4:47:59 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: freedumb2003

I just bought a book at Barnes & Noble. Surprised to see...printed in China.


24 posted on 12/25/2012 4:49:36 PM PST by Sacajaweau
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To: Steelers6

duh - nobody has any money, what did they think was gunna happen?


25 posted on 12/25/2012 4:51:22 PM PST by WorkerbeeCitizen (reasonable gun control is hitting what you aim for)
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To: Steelers6

Bought the missus a bottle of perfume. She bought me a t-shirt. Grandsons got one small thing each. Have only made two sales in the fine arts gallery in sixty days. Can’t even sell bin junk on ebay. Had sixty pieces listed with not one bid.

Normally we do at least ten grand a month.


26 posted on 12/25/2012 4:51:41 PM PST by Utah Binger (Southern Utah where the world comes to see America)
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To: Steelers6

Cut my Christmas spending in half from last year. My big spluge was a Ruger 10/22. If someone told me that instead of great clothes or shoes, I would be buying guns and ammmo 8-10 years ago, I would tell them to GTFO! Times have surely changed and so do priorities. As far as shopping in a mall, what is a mall? Haven’t been in one in years. Macy’s and the like’s should be very worried as we have changed our habits over the last 5 years and this type of spending is not important any longer!


27 posted on 12/25/2012 4:54:35 PM PST by marygam (I have extra ducktape for anyone who needs to wrap their head.)
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To: Steelers6
Search '12 Charts of 2012' on FR this holiday and you'll find one: Public Confidence. It starts low and builds throughout the year, reaching extremely high levels in late Sept. Off the charts high, peaking right around Presidential debate time.

And then....nose dive. Crash to the bottom. Quite dramatic.

28 posted on 12/25/2012 4:55:59 PM PST by chiller (Do not consume any NBCNews;MTPTodayNightlyNewsMorningJoeMSNBCBrianWilliams)
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To: Cringing Negativism Network

It just won’t happen....CORPORATE TAXES. We FORCED people out of the states.


29 posted on 12/25/2012 4:56:41 PM PST by Sacajaweau
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To: Steelers6

Not much spent here either. We spent about 25% of normal.


30 posted on 12/25/2012 5:01:16 PM PST by US_MilitaryRules (Unnngh! To many PDS people!)
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To: Sacajaweau

I do crafts, and repurposed stuff I already had - didn’t have to buy anything at the mall - awful experience now that they cater to the crowd that has “sticky fingers” - the food court now shows suggestive music videos.... won’t buy food there, found it’s easier to make something unique and save my mall money :)


31 posted on 12/25/2012 5:04:00 PM PST by nevermorelenore
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To: Steelers6
just .00, .308, 7.63x39 and 9mm... you know, the usual suspects
32 posted on 12/25/2012 5:04:20 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: freedumb2003

The only way to get people to ‘Buy American’ is to make American products more expensive. Get with the program. The road to prosperity is more money out of your wallet.


33 posted on 12/25/2012 5:06:35 PM PST by 1rudeboy
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To: who knows what evil?; SueRae

Glad to know I wasn’t the only Scrooge. Love Christmas and its true meaning but hate what it has become. I cant hack the stress of shopping anymore especially when not even motivated one iota.


34 posted on 12/25/2012 5:09:28 PM PST by tflabo (Truth or Tyranny)
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To: marygam

Brother in law gave me a case of LR shells for my Ruger 10/22. A great gun!


35 posted on 12/25/2012 5:10:14 PM PST by Utah Binger (Southern Utah where the world comes to see America)
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To: US_MilitaryRules
That's about the same here. Bathrobe for me. Ring for the wife. Daughter and S-in-L got the grandkids kindles so we put 25 each on a credit card so they can buy some apps for their kindles. Aside from that just some cooking ingredients so the wife can bake goodies for the other grown kiddos christmas presents.

That's about it really.

We WILL be getting a shotgun or two after the holidays though.

36 posted on 12/25/2012 5:11:57 PM PST by HeartlandOfAmerica ("We have prepared for the unbeliever, whips and chains and blazing fires!" Koran Sura 76:4)
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To: Steelers6

Let me tell you. I observe people when I’m shopping and the crowds weren’t any better than any other Saturday. I shopped at Valley Fair and valeted the car. Bought a bunch of stuff went dinner and the waitress said tips were down. I tipped her double. It’s Christmas and she had the best smile.

Went get my car from the valet and noted there weren’t many cars. Valet said there weren’t that many people valeting. Tipped him good as well. It’s Christmas.

Went to Neiman Marcus to get a watch and a friend I’ve known for over twenty years works in fine jewelry said he was praying for some improvement. I guess sales sucked loudly this year and he was worried about his commissions. that was two days ago.

Went upstairs to get some crystal for a party and the gal I’ve been buying from for years was equally worried. I bought an extra thing I hadn’t planned on.

Everyone says the customers are worried about fiscal cliff. I nervously agreed it remarked I was clueless as to what my taxes will be next year, so I drew down some extra money and will probably take less next year than I usually do.

That will have the result of me spending less.

Say Ah Vee .....


37 posted on 12/25/2012 5:14:00 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Utah Binger
Brother in law gave me a case of LR shells for my Ruger 10/22. A great gun!

A great brother-in-law!

38 posted on 12/25/2012 5:14:43 PM PST by Alaska Wolf (Carry a Gun, It's a Lighter Burden Than Regret)
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To: Steelers6

I went to Wal-Mart yesterday (Christmas Eve) for 3 last-minute items. Parked fairly close to the door, got my stuff, one person ahead of me in line. Far less pain than many other visits.

Daughter went to two malls in Tucson, didn’t wait anywhere.

Did not look good for the merchants!


39 posted on 12/25/2012 5:14:58 PM PST by FrogMom (Chicken Little is coming, and he's right!)
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To: Steelers6

I hope all the Obamorons lose their jobs. and I flat-out TELL it to the ones in my life. if that’s what it takes to get them to vote properly, so be it.


40 posted on 12/25/2012 5:17:54 PM PST by Libertarian4Bush (if you voted for obama, I have no respect for you. you're either a loser or a sucker. sorry!)
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To: SueRae
I spent maybe $75 total, but that's also because I've been paying for travel costs to help my sons get here for their sister's wedding this Saturday. That's it.

They know next year to not expect a thing from me, especially if my job at the local military base gets cut due to the impending fiscal cliff, and it just might, it just might. In 30-45 days, I could be among the unemployed.

41 posted on 12/25/2012 5:21:14 PM PST by ducttape45
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To: FrogMom

http://www.usatoday.com/story/money/business/2012/12/25/holiday-retail-sales-growth/1791075/ Another article about the same issue. Blaming Hurricane Sandy, Election, Sandy Hook, Fiscal Cliff, how about many people know they are going to get walloped in 2013.


42 posted on 12/25/2012 5:21:48 PM PST by Steelers6
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To: Utah Binger

That’s what I am in need of...ammo. That’s a great present he gave you!


43 posted on 12/25/2012 5:22:50 PM PST by marygam (I have extra ducktape for anyone who needs to wrap their head.)
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To: ducttape45

I’ll be unemployed no later than the end of next month. I wish you well. Contractor employee here as well.


44 posted on 12/25/2012 5:23:05 PM PST by SueRae (It isn't over. In God We Trust.)
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To: RoosterRedux

That is picture is just so wrong...............


45 posted on 12/25/2012 5:24:02 PM PST by ducttape45
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To: US_MilitaryRules

That’s about like me, I spent much less this year than when Bush was President.


46 posted on 12/25/2012 5:24:35 PM PST by Steelers6
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To: Sacajaweau
Try and find made in America.

I shop here:

Made In America Store

47 posted on 12/25/2012 5:24:47 PM PST by 50mm (Trust nobody and you'll never be disappointed.)
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To: Steelers6

My wife pretty much organizes Christmas. We seem to have dropped the annual stocking-stuffing, and we’ve cut way back on presents. We have about 20 or 30 of our family over on Christmas Eve and Christmas day. She asked our grownup kids to bring wine and stuff with them when they come, because we can’t afford to buy all the food and drink. The New York contingent brought food goodies up with them, too.

One of our son-in-laws raised and killed the turkey.

My wife and I pretty much give each other stuff that we need and would buy anyway, so there isn’t really much extra spending. She replaced a couple of pairs of pants that I had worn out, and I got her a bunch of jams and jellies, olive oil, tea, and stuff like that, which she would buy if I didn’t.

The smaller grandchildren still get a lot of toys and books, but not as much as they used to.


48 posted on 12/25/2012 5:26:05 PM PST by Cicero (Marcus Tullius)
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To: Steelers6

Hubby and I didn’t buy much for ourselves. I don’t spend the money like we were doing for collectibles nor does hubby. We each got a small bonus from our jobs. Part went into savings. We gave part to one children’s foundation; the rest we gave out in cash to family members who had been out of work due to lost jobs (plants closing) or they couldn’t work due to health concerns vs going to get them clothes, home decorative gifts etc. I save more now. Hubby bought a few things earlier in the year that he wanted as extras so he is happy. When he’s happy, I’m happy, as he says of me.


49 posted on 12/25/2012 5:26:55 PM PST by Christie at the beach (I like Newt. Our nation's foundation is under attack.)
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To: 50mm
Oh, c'mon. Shopping there requires work. Wouldn't it be better to have the government force us to buy American?
50 posted on 12/25/2012 5:29:02 PM PST by 1rudeboy
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