No matter which post holiday report you read, the results are the same. Christmas 2000 holiday sales were not what the economy expected or needed. Just ask Montgomery Ward. But there was a bright side. The good news is that most of the e-commerce problems of Christmas 1999 were fixed.
Many economists continue to predict a slowdown in the economy.
Consumers are not stupid. They heard the prognosis and reacted accordingly. They bought less and looked a bit longer and harder for bargains. And those were found. Some local and national retailers, led by Kmart, kept stores open 24 hours.