Retailers post weak sales in December
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If anyone is looking for signs that we may be headed into a recession, look no further than the dismal December sales results turned in by the nation's retailers.
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Retail sales fell unexpectedly in  December to close out the weakest year at the cash register  since 2002, data showed on Tuesday, the strongest signal yet  that the economy may be sliding into recession under the weight  of a housing and credit crisis.
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Wal-Mart Stores Inc. reported surprisingly weak November sales on Saturday, even as U.S. bargain-hunters jammed stores in search of gifts at the start of the crucial holiday shopping season.
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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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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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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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With a weak back-to-school season behind them, US retailers are focused on the holidays and what steps they need to take to get consumers excited about shopping again.
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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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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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Drugstores reported unusually weak December sales on Thursday, citing a slow flu season, lower-priced generic drugs and sluggish demand for seasonal items.
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Retail sales unexpectedly fall in December as consumers rein in their Christmas spending.
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The 2007 holiday shopping season is turning out to be the weakest in years after retailers across-the-board reported deep declines in their December sales Thursday.
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U.S. stocks ended lower on Tuesday,  after data indicated that the critical holiday shopping season  got off to a sluggish start for retailers.
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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 weakest holiday shopping season in five years ended dismally for most retailers, stoking fears that the economy is tipping into a recession.
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Stocks opened lower on Thursday after major retailers reported anemic sales growth in December, adding to worries about the economy.
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Sales of womenâs clothing, a traditional pillar of the holiday shopping season, are unusually weak so far this year, according to a major credit card company.