Analysts predict weaker holiday sales - WRBL

Text Description

Analysts predict weaker holiday sales

Posted: Updated:

The holidays may not be so merry and bright this year for retailers.

Predictions from Morgan Stanley suggest sales growth during the fourth quarter is shaping up to be the weakest its been since 2008.

Morgan Stanley estimates same-store sales which measure sales at store locations open at least a year will grow just one-point-six percent from last year's fourth quarter.

2012's holiday sales were up 3.5% from the fourth quarter of 2011.

Analysts say the culprit appears to be weak consumer confidence.

Retailers are expected to roll out steep price reductions in response to attract more customers.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Did "Macon Echo Run" cause loud boom over Columbus-area Tuesday?

    Did "Macon Echo Run" cause loud boom over Columbus-area Tuesday?

    Tuesday, September 16 2014 11:11 PM EDT2014-09-17 03:11:37 GMT
    The United States Air Force has a designated route to test F-15 super sonic abilities over portions of middle Georgia, Warner Robins Air Force Base documents explain.The United States Air Force has a designated route to test F-15 super sonic abilities over portions of middle Georgia, Warner Robins Air Force Base documents explain.
    U.S. Air Force has designated super sonic test path over portions of middle Georgia, Warner Robins Air Force Base documents show.
    U.S. Air Force has designated super sonic test path over portions of middle Georgia, Warner Robins Air Force Base documents show.
  • Tomlinson: Loud boom over Columbus from plane's sonic boom

    Tomlinson: Loud boom over Columbus from plane's sonic boom

    Sep 16, 2014 08:18 PM2014-09-17 03:14:17 GMT
    Two F-15s are believed to have broken the sound barrier and created the loud sonic boom heard over Columbus late Tuesday afternoon.Two F-15s are believed to have broken the sound barrier and created the loud sonic boom heard over Columbus late Tuesday afternoon.
    Columbus Mayor Teresa Tomlinson says a plane flying over Columbus created a loud boom after it broke the sound barrier and created a sonic boom shortly before 5p et Monday.
    Columbus Mayor Teresa Tomlinson says a plane flying over Columbus created a loud boom after it broke the sound barrier and created a sonic boom shortly before 5p et Monday.
  • Community Cat Program aims to reduce feral cat population

    Community Cat Program aims to reduce feral cat population

    Tuesday, September 16 2014 6:34 PM EDT2014-09-16 22:34:34 GMT
    Columbus has an estimated 100,000 feral cats roaming the city, but a new program aims to reduce that number.
    Columbus has an estimated 100,000 feral cats roaming the city, but a new program aims to reduce that number.
  • Consumer WatchMore>>

  • Is Apple Pay Safe? How near field communication payments work

    Is Apple Pay Safe? How near field communication payments work

    Tuesday, September 16 2014 6:54 PM EDT2014-09-16 22:54:02 GMT
    Will wireless technology like Apple Pay do away with traditional wallets?Will wireless technology like Apple Pay do away with traditional wallets?

    Apple Pay uses one-time-only customer numbers to better protect consumers from hackers seeking credit card numbers.

    Apple Pay uses one-time-only customer numbers to better protect consumers from hackers seeking credit card numbers.

  • Home Depot security breach may reach farther than direct customers

    Home Depot security breach may reach farther than direct customers

    Monday, September 15 2014 4:52 PM EDT2014-09-15 20:52:12 GMT
    Child Support debit card issued by Georgia may be impacted by Home Depot breachChild Support debit card issued by Georgia may be impacted by Home Depot breach
    One man claims his family is seeing the side effects of Home Depot's security breach without even shopping at the store.
    One man claims his family is seeing the side effects of Home Depot's security breach without even shopping at the store.
  • 1.2 million smoke and combo carbon monoxide alarms recalled due to failure

    1.2 million smoke and combo carbon monoxide alarms recalled due to failure

    Thursday, September 11 2014 8:50 PM EDT2014-09-12 00:50:51 GMT
    Kidde is recalling about 1.2 million hard-wired smoke and combination smoke/carbon monoxide alarms. The company says the alarms could fail to alert consumers of a fire or a CO incident following a power outage. No injuries have been reported.Consumers should immediately contact Kidde for a free replacement smoke or combination smoke/CO alarm. Consumers should keep using the recalled alarms until they install replaceme...
    Kidde is recalling about 1.2 million hard-wired smoke and combination smoke/carbon monoxide alarms. The company says the alarms could fail to alert consumers of a fire or a CO incident following a power outage. No injuries have been reported.Consumers should immediately contact Kidde for a free replacement smoke or combination smoke/CO alarm. Consumers should keep using the recalled alarms until they install replaceme...
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.