NEW YORK ( TheStreet) -- This holiday season consumers are looking for electronics, value-added deals and anything they can purchase online or through their mobile devices.
According to the National Retail Federation, holiday retail sales will rise 3.9% over 2012 to $602.1 billion, fueled by consumers' demand for larger ticket items as well as the growing online shopping experience. However, fiscal concerns as well as any lasting effects of the government shutdown could temper holiday spending, the trade association said.
A few weeks ago Morgan Stanley analysts predicted that the 2013 holiday season would be the worst season for retailers since 2008, the height of the recession.
"Debt dynamics, gains in wealth, and lower gas prices have lifted consumer buying power ahead of the 2013 holiday shopping season, but Congressional discord and balance sheet priorities cloud the outlook. While the ability to spend more is apparent, willingness remains the key question," Morgan Stanley analysts wrote in a retail industry research note on Oct. 31.As retailers struggle to get shoppers in the door, the Morgan Stanley note predicted that margins would erode this season given the high promotional environment by retailers. "We expect specialty retail
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