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Michigan retailers await holiday shopping results

by
Holiday Shopping
Holiday Shopping

LANSING (WKZO) -- With a shorter than normal holiday shopping period between Thanksgiving and Christmas, then ice storms making even short trips difficult in the week leading up to the holiday, Michigan Retailers Association president and CEO James Hallan says they expect retailers may not have seen revenue up as much as they had hoped.

Forecasts at the start of the shopping season showed what the MRA called "cautious optimism" with an expected 1.3-percent gain in sales over last year. The Michigan Retail Index had already shown sluggish sales for November after a better than expected October for 2013.

Regardless of how the hard numbers come out when results are tallied, 30-percent of the state's retailers are already expecting an increase in the December to February period over the same time a year ago, with 23-percent expecting a decline and 47-percent predicting no change.

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