Overall, Telsey said she thought traffic was a little bit lighter compared to 2011's numbers.
Reports about the shopping holiday's success were mixed. The National Retail Federation reported a surge in spending for the weekend to $59.1 billion from $52.4 billion last year, while research firm ShopperTrak reported a 1.8 percent decrease in retail sales on Black Friday.
"I think there's a long way to go, but certainly, I think, this season — it's going to be a battle almost every single day as you keep getting through to those 10 days before the 25th," she added. "I think we go into a lull period now before you get the big sales coming again."
—By CNBC.com's Katie Little; Follow Her on Twitter @katie_little
Additional News: Online Sales Are Up … Way Up
Additional Views: Let Dust Settle Before Buying Retailers - Pro
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Disclosure info was not available for Dana Telsey.
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