Holiday Shopping Down

Could it be that shoppers have lost their Christmas Spirit? From the looks of some of the statistics on holiday sales, it seems they might have. In a recent article published in today's "Daily News," it stated that holiday sales have declined from a 3.5 percent gain in 2005 and was the lowest since a 2 percent gain in 2002. Finally, it seems as if the rest of the world is wising up realizing that if they're savvy enough shoppers, and are willing to wait a week or two, they might be able to ge things a lot cheaper. This year's Thanksgiving statistics have show that 32 percent of the retail industry's profit and 27 perecent of the sales where derived in the November through January period. Despite the slow sales that are happening now, they are expected to pick up around the last two weeks of December. Maybe the American people have finally begun realizing the trick of Holiday shopping, and have duped the retail chains. . .interesting concept, huh? What do you guys think?

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