- Brutal competition between major retailers on pricing could bring holiday sales to a lower level than economists anticipated.
- Though many forecasts still show holiday sales improving at a 2.5%-4% clip, the latest round of warnings from Best Buy (BBY), Wal-Mart (WMT), and Target (TGT) are hard to ignore.
- Also in play is a "crowding-out" effect as increased consumer spending on automobiles and housing saps the meager 1.5% wage increase the working class saw this year.
- Related ETFs: XRT, PMR, RTH, VDC.
Warnings from major retailers hard to ignore
Nov 22 2013, 06:59 ET