Back-to-school slump could indicate slow holiday sales

U.S. retailers are suffering the slowest back-to-school sales since 2009, which is raising concerns about the holiday selling season. Spending for the season was up 3.1 percent, the smallest increase in more than five years, and store traffic declined 4.2 percent in August, according to ShopperTrak. Being that BTS is the second-biggest retail rush after the holiday season, retailers are wondering if they will be able to lure in seasonal shoppers without major discounts. Story