Normally this time of year companies are getting a big boost in revenue. However, due to the current economic crisis this just is not the case this year. It has been reported that sales have fallen again by 1.8 percent from what was reported in October of last year.

This being the worst month in regards to a sales drop in United States history, retailers are saying they are not surprised. In November the sales decrease totaled an $11 billion dollar loss, a huge hit for the economy, which is only making matters worse. Retailers said that they won’t be surprised to see things get worse before they start to get better.

Most retailers see about 50 percent of their sales revenues from the holiday period of October through December. With the way sales are dropping, especially during this crucial holiday time, it is having a worse effect on the economic state then the sales generated through out the rest of the year.

There is really no way to look at the figures and put it in a positive light. The sales drop is worsening the economy for retailers. Although the January through November sales showed some promise, especially when the car and car parts were taken off, it is still not good enough to bring the outlook up.

The worst part is, even with this economic downward spiral, continued rising prices should be expected. Gasoline may be going down, but they still are making profits, especially with the way prices looked a month ago. Even with the decrease in gas prices, more needs to be done to help our economy begin to stabalize.

When you take the statistics for holiday retail and combine it with the most recent job loss numbers this directly effects the Denver Housing market in a negative way.