four k tvz won't save them. yes, price competition online will kill them. so everything is working against them. >> reporter: the national retail federation chief economist jack klineman said there was a high level of price competition this last holiday season explaining further while volume of purchases remain high lower prices offset some of the gains traditionally expected from selling a high volume of goods. wile other retailers have yet to specifically point to deflationary pricing as a concern, some experts think it's a big problem that can't be ignored and as pricing has gotten even more competitive, retailers selling identical merchandise are more at risk. >> i think everyone in retail this holiday is facing deflationary pricing pressure just because of the degree of discounting. not only the depth of pricing but the duration in which events have been running. black friday started after halloween this year not after thanksgiving. so the sheer amount of time the customer has been exposed to lower prices causes your average transaction values to decli