The Straits Times
www.straitstimes.com
Published on Dec 24, 2012
 

Mood muted during last US holiday shopping weekend

 
 

ATLANTA (AP) - Last-minute shoppers crowded into US malls and stores to scoop up discounted clothing and toys during the last weekend before Christmas, but many didn't seem to be in the spending spirit.

This holiday season, Americans have a lot on their minds on top of the now familiar job worries.

Consumers in the North-east and Mid-Atlantic, which account for 24 per cent of retail sales nationwide, were tripped up by Superstorm Sandy. The storm hit in late October and disrupted businesses and households for several weeks.

Shoppers are also increasingly worried about the fast approaching "fiscal cliff" deadline - the possibility that a stalemate between Congress and the White House over the US budget could trigger a series of tax increases and spending cuts starting Jan 1.