- The National Retail Federation projects holiday shoppers will spend 2% less than what they laid out last year for gifts.
- While more than half of the respondents to the NRF consumer survey blamed the economy for the planned tightening, a "crowding out" effect from the stronger automobile and housing sectors is also being attributed by some economists for the dropoff.
- The number of disappointing retail reports (PetSmart, L Brands, Wet Seal, Gap) has outnumbered the upside surprises so far this month.
- Related ETFs: XRT, PMR, RTH, VDC
Survey says: Holiday shoppers plan to spend less
Oct 17 2013, 14:07 ET