Retailers post mostly gloomy December sales
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Retailers reported mostly gloomy December sales results, hurt by snowstorms as well as deep discounting aimed at getting cash-strapped consumers to open their wallets during retail's most important month.
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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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December sales and sales for the fiscal year to date reported by leading retailers.
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Analysts have offered their latest judgment of the Christmas shopping season: good, but not great.
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German corporate morale deteriorated  more than expected in December as firms took a dimmer view of  current conditions, with retailers especially downbeat, a  closely-watched survey showed on Wednesday.
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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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Limited Brands Inc  said on  Thursday sales at stores open at least a year fell 8 percent in  December.
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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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U.S. retailers on Thursday delivered mixed sales results for December, the year's key shopping month, with upscale stores faring well but many others slashing prices, squeezing profits.
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German corporate morale deteriorated more than expected in December as firms took a dimmer view of current conditions, with retailers especially downbeat, a closely-watched survey showed on Wednesday.
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U.S. retailers were hopeful on Monday that a dusting of snow on the East Coast would put consumers in the Christmas shopping mood after what has so far been a ho-hum holiday sales season.
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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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One less festive sign of the holiday season is the magnification of losses in some of the worst-performing stocks.
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The outlook for the holiday season dimmed yesterday as several of the nation&#39;s large retailers reported disappointing sales for November, which included an uninspiring Thanksgiving weekend, The Associated Press reports.
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British retailers felt the pinch following the Christmas trading period as sales plunged by 1.8 percent in January, the biggest monthly fall in four years, official data has shown.
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The nation's retailers slashed prices further Wednesday in hopes that a post-Christmas shopping rush will salvage holiday sales that, so far, have fallen below even modest expectations
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Pending sales of previously owned homes fell a steeper-than-expected 1.5 percent in December, pointing to more dreary conditions for the beleaguered housing market, a real estate trade group report on Thursday showed.