U.S. consumers supposedly shopped less on the last weekend before Christmas this year despite huge discounts at most major stores.
Shoppers also indicated they'll be doing more buying after the big holiday than they did during the same time last year.
U.S. retail sales fell by a mid-single-digit percent at brick-and-mortar stores on Dec. 20 and Dec. 21, two of the four most important shopping days of the season, according to analytics firm RetailNext.
The number of individuals who visited stores this past weekend dropped 7 percent, according to RetailNext.
"Retailers recognize that consumers will wait as long as they need to," said Charles O'Shea, senior analyst at Moody's Investors Service.
Only around two-thirds of Americans are almost or all finished with their Christmas shopping. Of those who aren't done, approximately 25 percent are waiting for better deals, according to a survey conducted by research firm America's Research Group and Inmar.
"I'm doing my shopping on a budget, which is why I'm digging through the clearance bin," said Katrina Attis, while shopping at a J.C. Penney store in New York, according to Reuters.
The No. 3 U.S. retailer, Target Corp., is suffering greatly right now at the worst time after a massive data breach of up to 40 million credit and debit cards was confirmed last week. Shoppers who visited Target stores from Black Friday through Dec. 15 are affected by the breach.
Online sales and electronic chains have done well this holiday season, according to Reuters.
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