Consumers Cut Back on Holiday Spending
490 views · Published 30 December 2008 · 2:09 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
The final numbers are not in yet but, this year, US holiday sales have been disappointing. Industry analysts say preliminary data show total retail sales declined compared to last year's holiday season. With the economy weak, many American consumers are spending less and that has prompted retailers to slash prices in a bid to survive. VOA's Chris Simkins has more.
