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Economists Predict Lousy Holiday Shopping Season

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Economists Predict Lousy Holiday Shopping Season

Business

Economists Predict Lousy Holiday Shopping Season

Economists Predict Lousy Holiday Shopping Season

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  • <iframe src="https://www.npr.org/player/embed/95236439/95236408" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Some economists predict this could be the worst holiday shopping season since 1991. So to try to cash in early, Wal-Mart announced Wednesday it's cutting prices on popular toys, and will open its Christmas shops next week. The retailer says its shoppers are increasingly living from paycheck to paycheck, so they'll need to spread out their holiday shopping over a longer time frame. Macy's has also opened its specialty Christmas shops, and Target has holiday decorations on its shelves.