DENVER - Nationally, many retail analysts expected holiday sales to be up by three or four percent this year. But what they got was less than one percent.
The fiscal cliff was one of several factors why holiday sales may have been down this year.
According to MasterCard Advisors SpendingPulse reports sales rose .7 percent. Some of the reasons could be attributed to Hurricane Sandy, which may have kept people from spending in the northeast. The looming fiscal cliff for 2013 could be another reason.
The day after Christmas is typically the second biggest shopping day of the year. But at Cherry Creek mall in Denver, General Manager Nick LeMasters would argue that it is their biggest shopping day of the year.
"Folks are taking advantage of great values, redeeming gift cards and many of our stores have 50 percent off merchandise," LeMasters said. "It is a great opportunity to shop."
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