So with all these promotions, increased focus on advertising, extended hours of operations and waning consumer sentiment and likely consumer spending, it would certainly seem as though the retailers will take severe hits to gross profits this holiday shopping season. Keep in mind that the latest read in retail sales for the month of October showed a decline in sales at department stores of greater than 5% versus the same period a year ago. Capital Ladder Advisory Group is avoiding the retail sector for the most part as we gauge the read of the consumer during the early days of the shortened holiday shopping season.

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