Disappointing holiday news hurts retail shares
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Shares in a range of area retailers dipped Monday on disappointing Thanksgiving sales data from Wal-Mart Stores Inc. In addition, ShopperTrak, which tallies sales results from 30,000 stores nationwide, said
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Shoppers were spending money up until the last minute, but holiday sales were nevertheless a disappointment. So says MasterCard Advisors' SpendingPulse, a report that tracks retail sales nationally.
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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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With four days left before Christmas, retailers are still waiting for a holiday shopping blitz -- and beginning to worry they won't hit sales projections for the season.
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NEW YORK : Shares in Wal-Mart Stores -- the world&#39;s number-one retailer -- slumped after it reported a weaker-than-predicted launch to the holiday shopping season.
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The nationâs retailers had a disappointing start to the holiday season, reporting sluggish sales for November after a surge in Thanksgiving weekend business failed to materialize.
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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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Stocks tumbled after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season.
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Stocks headed for a lower open on Thursday as reports of anemic sales growth at major retailers in December, including Target Corp , fueled worries about the economy.
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There will be plenty of discussion on Wall Street about December and shopping this week as top retailers report their earnings. The third quarter was rough for retailers, with
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Major retailers on Thursday reported largely disappointing sales for the critical December shopping season, while a separate report showed new claims for jobless benefits fell unexpectedly, somewhat easing concerns of a weakening job market.
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Retailers are in for a gloomy holiday season, with shoppers weighed down by the weakening housing market and the credit crunch, according to industry forecasts.
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NEW YORK : US stocks closed mixed as a warning over November sales from retail giant Wal-Mart Stores Inc cast a shadow over Wall Street, sparking fears that Christmas shoppers might spend less than expected.
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Business & money: Leading stores forecast shortfall in year's profits after shoppers cut back on festive spending
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Jewelers like Tiffany & Co , Zale Corp  and Finlay Enterprises  are set to release holiday sales data later this week -- and analysts are expecting less-than-sparkling results.
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Shoppers expecting big, across-the-board price cuts in the run-up to Christmas may be in for an unpleasant surprise.
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U.S. stocks tumbled on Monday as a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending and Google Inc.  dropped after Barron's newspaper said the stock was overvalued.