Retailers Struggle to Rebound After Weak Holidays
It's shaping up to be a tough year for retailers, following the weakest holiday season in several years. Even individuals who aren't hurting financially perceive that they are worse off and are holding back.
Upscale retailers who have weathered economic downturns are feeling the pinch. Consumers known as the "mass affluent" — well-off but not rich — appear to be cutting back on luxury purchases.
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