Shopping Spree That Wasn't as Markdowns Hurt Retailers
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This year was the season of the last-minute markdown as merchants, led by Wal-Mart Stores, scrambled to cut prices, choosing sales gains over higher profits.
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After struggling through a disappointing holiday season, retailers were heartened by a surge in business last week, and a busy shopping day after Christmas, creating more hope that they would meet their modest sales goals.
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Some shoddy reports trickling in Thursday night threw a wrench into an otherwise uneventful second-quarter earnings season for retailers. At least one analyst thinks its a harbinger, as consumers get cautious about spending money on anything that isn&#39;t ...
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The holiday shopping season got off to a modest start after bargain-hunters jammed malls on Friday for early bird specials but did less buying the rest of the weekend after the sales ended.
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NEW YORK -- The first holiday shopping weekend of the year may have started with a bang, but it ended with a whimper, evidence from two groups that track sales showed yesterday.
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As post-Christmas retail results began trickling in yesterday, this much became clear about the 2004 holiday shopping season: Consumers procrastinated; they gobbled up gift cards; they defected, in greater numbers, from stores to the Web; and, overall, they appeared to spend more this year than last.
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If you venture out today, one of the busiest shopping days of the year, expect to see lots of people, few parking spaces -- and a fair number of mark-downs at big retailers.
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NEW YORK, Feb. 7 -- The nation's retailers delivered more evidence of a stumbling economy Thursday, as merchants reported their weakest January performance in nearly four decades.
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If you haven't had enough of shopping, here's more.
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Despite the last-minute shopping frenzy, holiday retail sales were sluggish as the American consumer spent less than expected while Internet shopping slowed down.
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U.S. shoppers came out in droves in  November, but warm and wet weather, combined with steep holiday  discounts, prompted less-than-stellar sales at many chains,  retailers said on Thursday.
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Retail chains from discounters like Kmart to department stores like Sears are under renewed scrutiny, not so much for what they sell as for the ground they stand on.
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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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Retailers experience a big bump following five weeks of slow sales, according to a report.
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Malls were open around the clock and stores came through with huge discounts - but the last weekend before Christmas didn't do the trick, analysts said.
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The holiday shopping season began with a surge in spending, but consumers faded by the end of the long Thanksgiving weekend and many retailers were facing decent but hardly impressive sales.
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Some surveys find that as of last weekend, consumers had completed less than 15 percent of their holiday shopping.