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Holiday Sales Now Look Weaker Than Predicted

Major retailers are lowering their December sales estimates. The glum development prompts some analysts to predict final totals will show the weakest holiday sales gains since 1970. That's bad news for an economy struggling to break out of its slump. NPR's Chris Arnold reports.

Copyright 2002 NPR

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.