Retail Forecast: Second-Worst Holiday on the Way
While retail sales in the U.S. this holiday season are "on the road to recovery," it's still shaping up as the second-worst holiday season in 42 years. That's according to the Retail Forward holiday forecast, released this week.
Holiday sales are seen as totally flat from last year, with 0.0 percent growth, while sales last year dropped 4.5 percent from 2007.
The consulting and market research firm also predicted that electronics will suffer the biggest drop of all from last year, largely because Circuit City has closed since last year's holiday season.