A Women’s Wear Daily article about limited retail gains in the Southeast before the holiday shopping season quoted Jeff Humphreys, director of UGA’s Selig Center for Economic Growth. “Savvy retailers were smart to capture the momentum that’s left in the third quarter with heavy discounts and more ad spending because it may be a weak finish,” he said. “With the economy at the tipping point of a recession that could start the first quarter of next year, consumer confidence is low.”
