Retailers have modest start to holiday shopping season
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The holiday shopping season began with a surge in spending, but consumers faded by the long Thanksgiving weekendâs close and many retailers were facing decent but hardly impressive sales.
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The nation's retailers were set to usher in the start of the holiday season Friday with expanded hours, generous discounts and free money in the form of gift cards.
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NEW YORK -- Retailers got what they wanted over the Thanksgiving weekend -- a strong start to the 2006 holiday shopping season.
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Sales at US retailers rose less than forecast at the start of the holiday season as Federated Department Stores Inc. and Limited Brands unexpectedly posted November declines.
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Some surveys find that as of last weekend, consumers had completed less than 15 percent of their holiday shopping.
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U.S. specialty apparel retailers have  experienced slow sales growth over the first 20 days of the  holiday shopping season, according to data released on Sunday  by SpendingPulse.
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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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(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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Last-minute shoppers gave the nation's retailers a generally solid holiday season, with some apparel retailers and discounters enjoying particularly robust sales.
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NEW YORK -- The start of the holiday season was respectable but unimpressive for many of the nation's retailers, with consumers jamming stores and malls on Friday and pulling back as the weekend wore on.
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Despite the last-minute shopping frenzy, holiday retail sales were sluggish as the American consumer spent less than expected while Internet shopping slowed down.
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The holiday shopping season began with a surge in spending, but consumers faded by the end of the long Thanksgiving weekend and many retailers were facing decent but hardly impressive sales.
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Consumers kept a closer eye on their wallets as they moved into the holiday shopping season, boosting their spending by a modest 0.2 percent in November.
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The holiday shopping season is ending on a better note than it began, and most retailers are on track to meet humble sales goals. Still, retailers hope for a boost the week after Christmas as consumers cash in gift cards.
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Retail spending by Americans was little changed in December as consumers anxious over the housing slump and high oil prices held back on purchases during the crucial holiday season, a report released on Friday showed.
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US consumers spend more as the holiday shopping season starts but fewer people head to the shops, research shows.
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The holidays may be over, but the shopping hasn't stopped.