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Another Christmas of practical gifts?

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That's what the National Retail Federation is predicting for the upcoming holiday shopping season. The trade group said today that holiday sales will drop 1 percent to $437.6 billion compared to last year's shopping season.

The good news? The drop won't be as bad as last year's 3.4 percent drop. Small blessings, I suppose.

NRF chief economist Rosalind Wells said Americans will focus on practical gifts and stay firm to their budgets this holiday season.

Read more here.

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About the blogger

Samantha Smith has been covering fashion for the N&O for four years. She came to the paper in 1999 and was the retail reporter before taking on the fashion beat.
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