Eurozone retail sales weaker than expected in November
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Retailers in the countries using the euro saw sales slip in November despite expectations for an increase in the run-up to the key holiday season, official EU data released Tuesday showed.
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Major U.S. retailers reported tepid  November sales on Thursday, as discounting lured customers, but  high energy prices and nagging concerns about a soggy job  market kept buying in check.
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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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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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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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Consumer spending edged up a slim 0.2% in November, much weaker than October&#39;s 0.8% jump as purchases of new cars dropped sharply, a government report said Thursday.
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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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Major U.S. retailers reported modest gains in November sales on Thursday, as discounting lured customers, but high energy prices and nagging concerns about a soggy job market kept buying in check.
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Gap Inc.  said on Thursday its  sales at stores open at least a year fell 8 percent in  November, below analysts' average forecast, as fewer customers  visited its stores even during the kick-off to the busy holiday  season.
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From discounters to department stores, the nation&#39;s retailers reported bleak November sales yesterday, raising doubts about holiday sales prospects.
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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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British retail sales volumes fell for a second month running in November and to its weakest level since March, a survey showed on Thursday.
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Retail sales in August posted the weakest showing in two months as worried consumers curbed their spending habits.
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Sales at US retailers including Wal- Mart Stores Inc. probably slowed in November, the start of the holiday shopping season, as rising energy prices curbed consumer spending.
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Eurozone indicators to be released this week will show that inflation was slightly lower than initially estimated in October and that industrial output recovered in September, economists said.
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Consumer confidence declined in November for a fourth consecutive month, a private research group reported Tuesday, reflecting doubts about the economy in the months ahead.
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The euro edged lower against the dollar on Friday after weaker-than-expected euro zone manufacturing data for September dragged the currency from a fresh record high.