Deloitte: Bad Santa already depressing retailers

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Via the always bullish Deloitte:

According to Deloitte’s Retailers’ Christmas Survey 2019, positive sentiment is down, in strong contrast to 2018, when retailers were approaching the season with a strong sense of optimism.

Now in its eighth year, key survey findings include:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.