Analysis: Scarred U.S. consumers a hard sell for traditional retail

If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. "But as incomes rise over time, people spend more on services - travel, entertainment."

via Business News - Yahoo Finance http://finance.yahoo.com/news/analysis-scarred-u-consumers-hard-115211715.html