The Weakest Holiday Sales Growth Since 2008 Means It’s Time to Short These Retailers

Initial U.S. retail sales figures released on Wednesday showed sales growth for the holiday season was the worst since 2008.
According to MasterCard SpendingPulse, holiday sales posted a paltry 0.7% increase against expectations of a 3-4% gain. That’s below the same period last year when sales grew at a 2% pace.
Analysts looking for a convenient excuse have been quick to blame Hurricane Sandy. But in reality, there’s something else much bigger at work here.

That’s why I’m a…

Keep on reading: The Weakest Holiday Sales Growth Since 2008 Means It’s Time to Short These Retailers