'Tis The Season To Be Gloomy

With shoppers spooked by the slowing economy, sales are slipping

It seems only fitting that the new movie The Grinch is a hit this holiday season. For retailers, at least, a lot of Grinch-like forces seem poised to steal the holiday cheer. In the face of soaring energy prices, a volatile stock market, and higher interest rates, many retailers and analysts are lowering their holiday expectations--and earnings forecasts--faster than the Grinch's sleigh can zoom down Mt. Crumpet.

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