- Retail analysts are wadding up some of the earlier forecasts from the National Retail Federation and ShopperTrak calling for 3%-4% holiday sales growth as more evidence pours in that Q4 could be rough for retailers.
- ConvergEx Group's Nick Colas has one of the more dire reads on the weakening sales trends, saying negative holiday sales growth wouldn't be a shocker.
- What to watch: There's a growing consensus that shoppers equipped with mobile devices and heightened awareness of flash sales sites are more deal-savvy than anticipated. Add that to the pressing inventory issues apparel sellers face and it looks like promotional activity won't let up.
- Related ETFs: XLY, VCR, IYC, SCC, FXD, UCC, RCD, FDIS, PSCD, PEZ.
Retailers reeling as savvy shoppers wait them out
Dec 4 2013, 15:41 ET