Weak Retail Sales for December

I expect the consumer will start to cut back on spending as the economy continues to slow.

Retailers Had Weak Sales in December
By ANNE D'INNOCENZIO,
Associated Press
Posted: 2008-01-10 11:20:07
NEW YORK (AP) - The economic outlook became more uncertain Thursday after many of the nation's big retailers reported weaker than expected holiday sales, the result of consumers cutting their spending due to higher energy prices and the ongoing housing slump. Many merchants failed to meet their already lowered sales projections during December, and their performance during this critical sales period led some stores to reduce earnings outlooks for the fourth quarter.
http://money.aol.com/news/articles/_a/retailers-had-weak-sales-in-december/n20080110112009990022