Absolute Michigan's Michigan Blog: Michigan Retail Outlook Gloomy, Discounts Being Offered

Monday, November 07, 2005

Michigan Retail Outlook Gloomy, Discounts Being Offered

The Detroit News reports that holiday sales can account for as much as 50% of a retailer's income, but Midwest consumers are expecting to spend nearly half of the national average of $995 and the Michigan Retailers Association forecasts flat or declining sales from October through December. Many Michigan retailers are are offering agressive discounts to try and kick-start holiday shopping.

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# posted by farlane @ 9:18 AM

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