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Continued: U.S. retailers are facing a somber holiday season, thanks to the shutdown

  • Article by: TIFFANY HSU , Los Angeles Times
  • Last update: October 17, 2013 - 10:50 PM

This week, the International Council of Shopping Centers said the government shutdown already had forced 40 percent of consumers it surveyed to limit their spending.

Of those, the majority said the size of their scale-back had been minimal. But about a third called the drop “considerable.”

The survey of a nationally representative sample of more than 1,000 adults found that nearly half of those with less than $35,000 in annual income were being more frugal, compared with nearly a third of respondents earning more than $100,000.

“It is clear that the fallout of the past two-week impasse in Congress has affected consumers’ willingness and maybe their ability to spend,” said Michael Niemira, vice president of research for the shopping centers group.

 

  • related content

  • Holiday decorations were plentiful at the Mall of America on Thursday, but retailing experts have reacted to the government shutdown by cutting sales forecasts.

  • A few shoppers strolled the Mall of America on Thursday. Shaky consumer confidence is pummeling national holiday sales forecasts.RENÉE JONES SCHNEIDER • reneejones@startribune.com

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