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Axelrod good evening. Scotts off tonight. Im jim axelrod and this is our western edition. Were getting our first look at just what kind of boost Holiday Shopping provided to the u. S. Economy and it is not the kind of picture retailers were hoping to see. According to Mastercard Spendingpulse Retail Shopping was up 2. 3 this holiday season. Keep in mind, these are just the initial numbers, but the National Retail federation had projected a bigger 3. 9 increase in Holiday Shopping. So if this first snapshot holds, this would be disappointing and the first time below 3 growth since 2009. Heres Terrell Brown. Reporter deep discounts and extended hours couldnt get americans to spend as much as stores expected. So now retailers are cutting prices even more. Even along chicagos exclusive michigan avenue, stores today were offering 75 off. Retail analyst craig johnson. Retailers overshot the mark in terms of apparel supply so there was an imbalance of supply demand in apparel leading to the p

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