U.S. Retailers Cut Prices After Christmas
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The nation's merchants cut prices even deeper on Sunday, the day after Christmas, in hopes of squeezing more sales out of what's winding up to be an unimpressive holiday season.
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Economic pressures and online deals might have led consumers to sharply limit their trips to retailers in the week leading up to Christmas, data tracker ShopperTrak RCT said on Thursday.
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Post-holiday discounts and shoppers redeeming gift cards helped boost retail sales 14 percent for the last full week of December, according to data released on Wednesday.
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Wal-Mart Stores Inc.  slashed prices on hundreds of food items on Tuesday, putting more pressure on mainstream grocers just two days before Thanksgiving.
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Retail stocks bucked the trend as traders closed short positions ahead of the start of the Christmas reporting season.
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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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Business & money: Leading stores forecast shortfall in year's profits after shoppers cut back on festive spending
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Wal-Mart Stores Inc. , the largest seller of food in the United States, slashed prices on hundreds of grocery items on Tuesday, putting more pressure on traditional grocers just two days before Thanksgiving.
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Will steep discounting save Christmas? Retailers, including Wal-Mart Stores (nyse: WMT - news - people ) Chief Executive Lee Scott, will be forced to slash prices this week to spur sales that got off to a weak start this holiday season.
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Retailers are having to slash prices earlier to attract pre-Chrismas shoppers, a survey suggests.
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NEW YORK (Billboard) - Christmas sales came in the nick of  time, saving the holiday selling season for most merchants at  the last minute.
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Wal-Mart Stores Inc. WMT.N, the No.  1 U.S. retailer, on Tuesday signaled it will cut prices in the  weeks before Christmas after a strategy against deep discounts  backfired on the first weekend of the holiday shopping season.
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Business & money: Bargain-chasing shoppers force stores into heavy price discounting after slowest Christmas sales growth in three years
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NEW YORK -- Shoppers headed to malls and stores to grab discounted coats, cashmere sweaters, and other items yesterday as merchants slashed prices even deeper in hopes of squeezing more sales out of what's winding up to be an unimpressive holiday season.
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U.S. retailers offering the widest discounts were the winners of this year's holiday shopping season, as budget-conscious consumers scrounged for deals in a challenging sales environment, according to a national survey released on Sunday.
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Shoppers expecting big, across-the-board price cuts in the run-up to Christmas may be in for an unpleasant surprise.
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Stores report long queues as shoppers hunt post-Christmas bargains