Black Friday's Fade to Gray
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You don't need to get mauled at the mall anymore. Online storefronts are here to save the day.
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NEW YORK -- Retailers opened earlier than ever on the day after Christmas on Wednesday and slashed prices with hopes of salvaging a holiday season that is falling short of already modest expectations.
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It was cold, it was dark and in some places it was foggy. None of that would stop millions of bargain-seekers from climbing into their cars for a pre-dawn raid on their local malls, electronics retailers and discounters for the official start to the holiday season.
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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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Following a lukewarm shopping weekend, the nation's stores are now focusing their attention on the final week leading to Christmas, as consumers seem to be postponing more of their buying to the last minute compared to a year ago.
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Investor's Business Daily - The National Retail Federation said 33.4% of shoppers plan to spend less this year than last year while only 16.4% plan to spend more. The NRF has forecast the smallest sales gain in 5 years as falling home prices, higher food and energy costs and the credit crunch sap spending. Holiday sales account for 25% to 40% of retailers' annual revenue.
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Gift cards, one of the most popular holiday purchases, can lose value if not used quickly
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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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This holiday season, it seems, shoppers are winning the game of retail chicken. Though the shopping season got off to a strong start, sales quickly tapered after Thanksgiving week. At first, retailers held steady. They'd gone into the holiday season with lean inventories so they stuck to their planned discounts and promotions, waiting for the shoppers to come back. But ...
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Milan's womenswear winter 2007/08 fashion shows kicked off on Saturday with the "Next Generation" showing that the future will be -- black. Or gray.
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Description: As the holiday retail seasons winds to a close, we talk with economist Michael Niemira about who is in the black, who is not, and why.
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As sales of home improvement items fall and consumer confidence weakens, retailers are starting to feel the effects of the housing slump.
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PC Magazine - The two key e-commerce leaders found themselves shut out of the holiday sales rush for much of Friday, as their sites slowed to a crawl starting at about 4 a.m. in the East.
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NEW YORK -- American shoppers took a breather last month as the worst housing recession in 16 years eroded demand for building materials, appliances, and furniture.
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Perks have been gradually disappearing for investors.
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The city of Mumbai rarely sees the colour grey in the month of November. It did on Wednesday. First came the clouds, early in the morning, and then the drizzle that lasted a few hours.
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Retailers expect the day after Boxing Day to be busier as bargain hunters continue the chase for cut-price items.