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COMMENTS: Cold Christmas
"Long before winter, retailers are already feeling the deep freeze," David Muir worried on ABC. "American consumers are not spending." Muir went down the list of money losing retail chains: Best Buy, Macy's, JCPenney, Dillard's. On NBC, Scott Cohn of the network's sibling financial news channel CNBC, added Starbucks and Barnes & Noble to the list. He consulted retail experts and they predicted "the first real decline in holiday sales in 20 years." Cohn quoted economist Diane Swonk as predicting a "BYOB potluck Christmas, a Secret Santa Christmas."
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