A few weeks back, I wrote of a scenario in which few people would visit shopping centers this holiday season. Of course, it is imaginary, but now I’m starting to wonder a little more.
The University of Florida’s Bureau of Economic and Business Research released the results of a statewide survey Wednesday indicating that consumers plan to spend far less for gifts this year than in 2007, with reductions ranging from just under 20% to more than 50%. Not the kind of news that’s going to ring the bells at Florida retailers toward the end of an already tough 2008.
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