What do you think retailers are predicting for the coming year?
I was at Walmart the day after Christmas because I have two birthdays to buy for at the end of December. I couldn't believe the lack of items available compared to past years. It was like the shelves were wiped clean from Christmas shoppers, and I did not see any big sales. It makes me wonder what retail forecasts look like for 2014! And how will it impact the economy?
If the economy improves a little this year, I would expect retail to participate in this. But the downside of this coming year is the increased healthcare costs for most families, as Obamacare is more implemented. This will leave families with less disposable cash.