Economist Chris Christopher on US holiday retail expectation

Global Business

Chris Christopher on US retail expectation.00_05_13_14.Still002

As the weather gets colder in the U.S., the holiday season draws closer. It’s usually the most profitable time of year for retailers. But there’s a catch.

A new report shows American consumers are keeping a tighter grip on their wallets this year.

For more on holiday retail sales, CCTV spoke with Chris Christopher, Director of US and Global Consumer Economics at IHS Economics.

Economist Chris Christopher on US holiday retail expectation

Economist Chris Christopher on US holiday retail expectation

For more on holiday retail sales, CCTV spoke with Chris Christopher Director of US and Global Consumer Economics at IHS Economics.

More details:

  • Consumer spending accounts for about two thirds of the U.S. economy.
  • Slow job growth and stagnant salaries are causing more Americans to save more.
  • Household income has fallen nearly 9 percent since 2007.