Summary
Retail sales will continue to struggle as consumer confidence continues strong decline. Q1 may show weekest sales yet before slightly turning around in 2nd half of the year. All signs head to lower confidence, but as soon as Obama takes office the landscape might change slightly. I believe just his enthusiam will bring back a bit of confidence which may help perception in the market. The BIGGEST issue will be are we too little to late for some retailers to survive. GREED! and LARGE overhead will cause some retailers to fall off the hill sooner than expected. Cutbacks have not worked and baloon payments are coming do... who will survive? Many retailers especially descretionary income retailers will have to tighten the belt even further and make dramatic changes in order to survive this downturn. Retail is here to stay we all know that, these adjustments will help you decide where to put your money in the future.
Analysis
The retail slowdown will especially hit descretionary income retailers!
