Retailers Post Disappointing Nov. Sales
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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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US retailers are expected to post modest November sales this week, with No. 1 retailer Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) already cutting its holiday
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UK retail sales fall for the second month in a row in November, the CBI says, but stores remain upbeat about Christmas.
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British retail sales volumes fell for a second month running in November and to the weakest level since March, a survey showed on Thursday.
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The holiday shopping season may not be so bad after all. Consumers came surging back into stores in November, revving retail sales at the fastest pace in four months.
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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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_ The holiday shopping season began with a surge in spending but consumers faded by the long Thanksgiving weekend&#39;s close and many retailers were facing decent but hardly impressive sales.
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Steep discounts, combined with warm and wet weather, led to a less-than-stellar November sales for many chains, despite heavy shopper turnout for the kick-off of the holiday season, retailers said on Thursday.
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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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Disappointed over its Thanksgiving weekend showing, retail giant Wal-Mart is overhauling its sales strategy for the coming holidays.
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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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US retailers are expected to post modest November sales this week, with No. 1 retailer Wal-Mart Stores Inc. already cutting its holiday outlook on high oil prices and warmer weather.
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Many U.S. retailers are expected to report disappointing December sales later this week, hurt by everything from the challenging economy to unfavorable weather to the calendar, which shifted more holiday sales to November.
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Given the importance of consumer spending in driving the U.S. economy, November's disappointing retail sales are a cause for concern.
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U.S. retailers are expected to post  modest November sales this week, with No. 1 retailer Wal-Mart  Stores Inc. WMT.N already cutting its holiday outlook on high  oil prices and warmer weather.
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Wal-Mart Stores Inc. , the world's largest retailer, slashed its own expectations of November sales on Saturday, saying customer traffic declined toward the end of Thanksgiving Day week, which signals the start of the holiday shopping season.
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The confidence of US consumers worsened in November, a research firm said Tuesday, with the number falling below Wall Street&#39;s expectations.