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Big Retailers May Face an 'Ugly' Future

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Big Retailers May Face an 'Ugly' Future

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Big Retailers May Face an 'Ugly' Future

Big Retailers May Face an 'Ugly' Future

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  • <iframe src="https://www.npr.org/player/embed/4189519/4189520" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Retailers will show a modest increase in holiday sales over 2003, predicts analyst Howard Davidowitz. But he says this year's purchases are heavy on luxury items, and stores appealing to the masses are less well off. Meanwhile, rising interest rates and consumer debt make for an "ugly" future. Hear Davidowitz and NPR's Liane Hansen.