586 Billion News Today

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Producers not knowing what the score is going to be couple hours, 48 hours from now. >> arthel: then the national retaillight federation, forecasting total sales up 4.1%, coming up $586 billion. what is going on there? >> think people like christmas. they are looking for those deals and looking to shop and trying to be rationale. im happy to see any indication even a slight uptick of the economy. nowhere we are no historically. people arent shopping but people arent producing. there has been tre...

That. i hear shoes are real popular this year. its for real. >> i did not see that report. there are bright spots in all of this. dont harm the messenger here, but here is what is going on. first the good news. national retail federation says this holiday hospitalizing season, we are not out o shopping season, we will have a 586 billion-dollar season. shop or track, they track foot traffic at malls. theyve revised their prediction. they are saying for the week that ended december 15th and the tr...

$586 billion, nobody is going to sneeze at that. jaime: i love this quote, shoes have turned the corner in the gift category there is a new handbag. kelly. >> reporter: what wil are you getting your husband, shoes hanna handbag. jaime: no. i dont think husbands get that. your present is on its way. we hope the stores hold up and that there are big sales. kelly: there is a big deal that is looming, and that is can they avert the fiscal crisis by getting a deal. president obama spending the christ...

And people like the convenience. >> reporter: and although a recent poll show 17% were planning to spend less this year, retail analysts say sales this holiday season are on track to top $586 billion. >> if we recall black friday did about $11.2 billion in sales, but they had very strong results compared to last year. retailers are hoping that the consumers will come back and deliver those same strong results. >> reporter: so with only one day left to get it all wrapped up, shoppers are expectin...

>>. >> reporter: -- who are just beginning. >> im very last minute. my wife does all the shopping. >> reporter: procrastinators are in good company. a poll released this week by "consumer reports" found 132 million people hadnt finished their holiday shopping. 26 million had yet to start. 17 million said they planned to be shopping on christmas eve. uncertainty over the fiscal cliff is affecting how much consumers are spending. still, retail analysts say holiday sales are on track to rise 4.1% t...

>> reporter: and it is the largest of the fulfillment centers they have nationwide. 80 across the world. crew getting back to work here. they have been on the job you can imagine, 24/7. 50,000 seasonal employees worldwide, 20,000 full-time. it is a huge operation. they will sell roughly 204 better items a second. that is just amazon.com. online sales just today will total anywhere from 1.5 to $2 billion. it is going to be a $586 billion holiday sales season according to the national retail feder...

Monday, an estimated 147 million shoppers who will opened their waumts putting smiles on the faces of ceos across the country who are hoping this holiday seasons optimistic forecast comes true. the national retail federation is predicting a 4.1% gain in sales this year over 2011. amounting to about $586 billion that could be good news for our economy overall. consumer spending accounts for 70% of the total u.s. economic output. retail puts 1. -- some call it a daily barometer for the nations eco...

Weekend, this holiday in general. $586 billion is projected, as you mentioned before. the americans that will go out and spend are expected to spend $750 on average. its a little higher than last year. so i think theyre doing that because theyre feeling a little more confident. theyre also doing that because they feel like they can get good deals. i think thats pretty hopeful. that being said, we still have issues looming on this fiscal cliff. were starting to see consumer confidence weighing a ...

You live. i dont know any mall per se by name that is opening up. as you just mentioned, the big box stores are really making a push. my "chicago tribune" this morning weighed as much as a brick with regards to all of the ads from the stores that are opening up tonight in there. you know, retail is a big deal in this country. and a lot of people are going to shop till they drop. and i guess what were finding out now is, it doesnt matter what day it is. theyre going to be out there. >> yeah. well...