Retailers Pray While the Travel Industry Braces for Less
Fewer Americans are expected to travel this Thanksgiving weekend, despite lower gas prices. Looking ahead, Christmas airfare has soared — folks looking for deals are likely too late. But retailers hope there’s enough cash going around for a solid shopping season, although analysts are concerned about the health of J.C. Penney and Toys R Us. Amazon, as usual, is the 800-pound gorilla of the holiday shopping season. Other stores are already offering preholiday sales, and Black Friday advertisements abound, but no one is sure what the fast-moving online behemoth has planned — or what the impact will be.