KPIX CBS Morning News December 27, 2013
According to mastercard advisers spending pulse. Still that falls short of the 3. 9 increase forecast by the National Retailer federation. Terrell brown reports. Reporter retailers couldnt get americans to spend as much as they expected, so now Retail Stores are cutting prices even more. Even along chicagos exclusive michigan avenue, stores were offering 75 off. Retail analyst craig johnson. Retailers overshot the mark in terms of apparel supply. So theres an imbalance of supply in demand in apparel leading to all the dramatic promotions you see today. Reporter storms couldnt make up for the s...