The following video is part of our "Motley Fool Conversations" series, in which Motley Fool senior editors Austin Smith and Brendan Byrnes talk about their favorite stocks.

In today's edition, Austin and Brendan talk about what retailers can expect this holiday season. The old news, but same news, is that Amazon continues to take a bite out of other retailers' sales. While Black Friday sales rang in higher than expected, it's important not to get too worked up yet since many analysts have noted that this does not necessarily spell higher spending this year. In fact, many believe that consumers simply purchased other goods that they otherwise would have bought later in the year during the Black Friday discount frenzy, effectively bringing down the total holiday dollars spent as consumers hunted for bargains.

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