Disappointing Sales During Holiday Season
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Spending during the Christmas season rose just 3.6 percent over last year, the weakest rate in at least four years, a report by a credit card company said.
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The 2004 holiday shopping season turned out to be a bumpy one, with last-minute shoppers giving some retailers solid results but other storeowners struggling to a disappointing finish.
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Given the importance of consumer spending in driving the U.S. economy, November's disappointing retail sales are a cause for concern.
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Drugstores reported unusually weak December sales on Thursday, weighed down by a slow flu season, lower-priced generic drugs and sluggish sales of seasonal items.
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Toys "R" Us posts declining holiday sales, but was the news really that bad?
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More consumers are planning to spend  less this holiday season than a year ago, according to a survey  released on Tuesday that adds a fresh note of caution to what  is shaping up to be a ho-hum holiday shopping season.
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Rising energy prices and slow job growth make buyers cautious as the nation heads into the holiday season.
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Shoe sales have jumped this holiday  season, but they haven't been enough to kick up holiday sales  growth overall, according to a MasterCard Advisors survey.
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Retail sales growth in the week after Thanksgiving fell to 3.1 percent, the slowest rate in four years, as consumers delayed holiday purchases to wait for discounts.
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U.S. shoppers have kept a tight grip  on their wallets this holiday season with indices on Tuesday  showing sluggish sales in the second week of the  season.
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With a weak back-to-school season behind them, the nation's retailers are focused on the holidays and what steps they need to take to get consumers excited about shopping again. That could mean some quick merchandise changes and more aggressive discounting than they originally planned.
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More consumers are planning to spend less this holiday season than a year ago, according to a survey released on Tuesday that adds a fresh note of caution to what is shaping up to be a ho-hum holiday shopping season.
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With a weak back-to-school season behind them, US retailers are focused on the holidays and what steps they need to take to get consumers excited about shopping again.
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The outlook for the holiday season dimmed Thursday as the nation's retailers reported disappointing sales for November following an uninspiring Thanksgiving weekend.
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US stores post mixed results for the holiday season, with luxury retailers faring well and others forced to slash prices.
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U.S. shoppers came out in droves in  November, but warm and wet weather, combined with steep holiday  discounts, prompted less-than-stellar sales at many chains,  retailers said on Thursday.
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The High Street is hoping for a busy weekend amid disappointing Christmas sales so far.