T’is the season to be jolly, but it may not work out that way for Canadian retailers if forecasts of slower Christmas sales turn out to be true this year.
There are several concerns for that gloomy forecast including uncertainty over the economy, high consumer debt, unemployment, even a soaring loonie, which is tempting shoppers near the border to head south to the United States in search of bargains.
Shoppers may be a little or a lot more frugal this year by limiting their gift-giving to immediate family, or by forgoing big-ticket items such as TVs. We’ll see at the end of the season how jolly the retail sector is post-Yuletide.
While that’s certainly a concern for the folks in the malls, the factors that are affecting holiday shoppers are the same ones that could be influencing spending once the golf season kicks into high gear next spring.
That brings us to our GNN Poll for this week as you sip your egg nog and put another log on the fire.
How closely are you watching holiday retail sales as an indicator of what will happen in golf in 2011?
- Not at all (54%)
- Very closely (46%)
Be sure to cast your vote in the GNN Poll below or on the home page. As always, feel free to comment on this Yuletide subject.