More and more news piles in about just how bad this year's Christmas shopping season was, and what it will likely mean for 2009.
The big, big dropoff from last year happened the weekend before Christmas, off 24 percent. What it means is that even those last-minute discounts couldn't drum up fence-sitting shopping business. So, whether or not the retail economy should be that bad, perceptions of it are. Analysts also blame bad weather and the exact time location of this year's weekend relative to Christmas, but I would downplay those factors.
Meanwhile, more bankruptcy filings make it look like 2009 could be pretty Darwinian in the retail world.
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