This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Retailers See Silent Nights

Two weeks have passed since Black Friday, the so-called official kickoff of the holiday season, and since that time shoppers have been sitting on the sidelines.

And as the second shopping weekend of December looms, industry analysts say consumers may continue to take a break before a mad dash of shopping closer to Christmas.

Sales dipped 2.6% for the week ended Dec. 2 from the previous week, according to a report from the International Council of Shopping Centers and UBS Securities, though sales advanced 3.1% year over year.

Industry analysts say shoppers are waiting for retailers to slash prices. Since Christmas falls on a Monday, there's one extra weekend to get last-minute shopping done, so consumers don't have the same sense of urgency they might have had in previous years.

In addition, the weather in many parts of the country has been unseasonably warm in recent weeks, making the holidays seem more distant than they really are.

Michael Niemira, the ICSC's chief economist and director of research, said earlier this week that only 25% of consumers surveyed have completed only 50% or more of their total holiday shopping thus far, well below last year's figure of 32%.

"This benchmark suggests consumers are procrastinating a little more than in recent years and potentially suggests a stronger late wave of holiday buying," he said in a statement.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SKS $0.00 0.00%
GPS $22.63 0.00%
KSS $43.88 0.00%
JWN $50.80 0.00%
TGT $79.99 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs