Retailers are experiencing their worst holiday season sales since 2008, Reuters reports.
Holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year, according to data from MasterCard Advisors SpendingPulse.
The preliminary estimate from SpendingPulse is in line with other estimates showing weak growth during the holiday season, when retailers can book about 30 percent of annual sales and in many cases half of their profits. ...
The latest holiday season sales would be the worst performance since 2008, during the last recession.