Pajamas and Popcorn: Retailers Face a Less-than-Festive Holiday Shopping Season - Knowledge@Wharton

As Wall Street unravels and the economy confronts its crucial holiday spending season, consumers cannot be expected to prop up retailers as they have in past downturns. Even luxury stores, whose customers have been immune in recent years to retail price sticker shock, are expected to take a hit this time, according to Wharton faculty and consumer analysts.