Dull Holiday Shopping Season Predicted
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Retailers may be in for a blue Christmas this year as worries about soaring energy prices, consumers' cost-consciousness and a warmer December than last year make for lackluster holiday sales, retail analysts said.
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Most Americans are planning to curb  their holiday spending this year, making it a challenging  shopping season for U.S. retailers, according to a holiday  buying survey by The NPD Group.
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(CBS/AP) The start of the holiday season was respectable but unimpressive for many of the leading US retailers, with consumers jamming stores and malls on Friday and pulling back as the weekend wore on.
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The US holiday shopping season got off to a ho-hum start as shoppers lined up for the early-bird specials after Thanksgiving, then stayed home all weekend.
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Retailers are still mulling the results from the first weekend of the holiday shopping season. But the outlook is still murky
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If the home-furnishings retailer can't get things right by the holidays, look out below.
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Holiday sales are expected to rise,  though at a slower rate than last year as consumers fret about  the declining housing market, according to a National Retail  Federation economic forecast on Tuesday.
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Uneasy about the economy and unimpressed by merchandise, American shoppers delivered the bleak holiday shopping season retailers had expected. Spending rose just 3.6 percent over 2006.
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WASHINGTON -- The holiday shopping season may not be so bad after all. Consumers came surging back into stores in November, revving retail sales at the fastest pace in four months.
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The holiday shopping season is off to a running start, according to surveys released this weekend, though it was still unclear how that will impact retailers' profits.
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Retailers say they're having trouble meeting this year's Christmas forecasts. Not online, though.
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In spite of a burst of Friday spending, the holiday shopping season got off to a sluggish start, forcing retailers to reassess their strategies for luring buyers. Slow sales reported by three retail sales trackers on Tuesday were blamed on higher fuel costs and an overall lack of confidence in the economy.
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Excitement on Friday as the holiday shopping season got underway cooled before the weekend&#39;s close as cautious shoppers browsed and let many deals pass.
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Retailers may be in for a blue  Christmas this year as worries about soaring energy prices,  consumers' cost-consciousness and a warmer December than last  year make for lackluster holiday sales, retail analysts said.
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Holiday sales are expected to rise,   though at a slower rate than last year as consumers fret about   the declining housing market, according to a National Retail   Federation economic forecast on Tuesday.
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The first Christmas shopping weekend of the year may have started with a bang, but it ended with a whimper, evidence from two groups that track sales showed on Tuesday.
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Most Americans are planning to curb their holiday spending this year, making it a challenging shopping season for U.S. retailers, according to a holiday buying survey by The NPD Group.