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To: Les H who wrote (3957)	12/12/2002 1:33:23 PM
From: Softechie	Read Replies (1) \| Respond to of 29596

11:39 (Dow Jones) It's been a ho-hum holiday season for retailers thus far, and a last-minute Christmas shopping surge isn't going to bail them out this year, says FTI Consulting's Kevin Regan. "It will be softer than retailers projected," he says. November and December sales excluding catalog, online, food and fuel will decline 0.6%, Regan says. That would mark their first outright decline in 10 years. Faced with rising consumer debt, layoffs, and higher gasoline prices this year, retailers are also suffering from a lack of hot, must-have merchandise. "Is there a fashion statement out there? Are there Cabbage Patch dolls out there?" Regan says. Contrary to popular belief, the shorter shopping season will have nothing to do with the disappointment, he says. (JMC)