Reply #265: absurd but 100% accurate [View All]

[techconomy]

The National Retail Federation believed they would see 6-7% growth over the previous year. Almost every think tank and banker publicly supported 6% as the expected number.

What happened? Despite the cheery late predictions (ALL predictions were very favorable) it was a bust. People stayed home, and sales barely budged for the first time in a decade. Worse, the sales that did occur were done at deep discounts cutting into margins of many retailers.

This information is available on the internet at various sites. The effects of the election controversy are one of the only logical explanation as sales began a sharp uptick after January.