Chistmas Ain't Very Merry for Retailers

Retail sales were poor for Thanksgiving weekend, and have gotten worse since.

Brick-and-mortar retailers saw no signs of relief last week, as store traffic in the final week before Christmas posted the third straight week of double-digit declines, according to the most recent report from ShopperTrak. 

According to the analytics firm, traffic for the week ended Dec. 22—which included the crucial final weekend before Christmas—was down 21.2 percent year over year. The first two weeks of December saw double-digit decreases, which trailed a 4 percent decline over Black Friday weekend, it said.

Online sales are up, of course, but there's no way online could make up for those declines.

Could it be that consumer confidence is another casualty of the Obamacare fiasco?