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Milli Vanilli might “Blame It On The Rain” but retailers are singing "Blame It On the Sunshine!" Warm weather in the Northeast is being cited as the cause of lackluster December sales. CNBC’s Margaret Brennan sifted through the numbers with Liz Claman on today’s “Morning Call.”
Holiday shoppers are procrastinating, but retailers aren’t panicking and offering bigger discounts to lure people in.
After being out of vogue for years, department stores are making a big comeback this holiday season.
America is seeing another British invasion – and a Japanese and Brazilian juggernaut – in its retail stores. CNBC’s Margaret Brennan told “Morning Call” that international travelers are swarming over the U.S. this holiday season. As the Yankee greenback drops versus the euro, the yen and the British pound, America is becoming the destination of choice – for luxury shoppers.
Holiday shopping got off to a strong start over the week-end with upscale department stores looking like early winners. And it's not just grownups who have their hearts set on something luxurious. Kids are going upscale, too.