Retailers' Holiday Outlook Is Grim
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Retailers are in for a gloomy holiday season, with shoppers weighed down by the weakening housing market and the credit crunch, according to industry forecasts.
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Early holiday sales reports are weak, with Target Corp., the nation's No.2 retailer, warning that its sales may have fallen in December.
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Festive shopping will not pick up until the last two weeks before Christmas,  the British Retail Consortium warns.
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The holiday shopping season is off to a running start, according to surveys released this weekend, though it was still unclear how that will impact retailers' profits.
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NEW YORK (Billboard) - Last minute release-date changes for  three superstar albums have made nervous retailers even more  anxious about their prospects during the holiday season.
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The nation's retailers, once hopeful for a strong spring selling season, are being forced to ratchet down their expectations after sales stalled amid the chill of February.
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This season&#39;s dismal holiday-sales numbers may be hiding strong results from online operations, home improvement, consumer electronics and luxury stores that can offset the nation&#39;s mall malaise.
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Retailers expect the day after Boxing Day to be busier as bargain hunters continue the chase for cut-price items.
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The outlook for the holiday shopping season grew more uncertain Thursday as the nation&#39;s largest retailers reported they had a fourth straight month of tepid sales in September.
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With a weak back-to-school season behind them, the nation&#39;s retailers are focused on the holidays and what steps they need to take to get consumers excited about shopping again.
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Seasons greetings are near, but so far there's little cheer for U.S. retailers wishing for "must-have" apparel items to land on holiday shopping lists.
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Warnings of a poor Christmas for High Street retailers in the UK are unduly pessimistic, according to accountants Deloitte &Touche.
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NEW YORK -- With a weak back-to-school season behind them, the nation's retailers are focused on the holidays and what steps they need to take to get consumers excited about shopping again. That could mean some quick merchandise changes and more aggressive discounting than they originally planned.
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The nationâs retailers had a disappointing start to the holiday season, reporting sluggish sales for November after a surge in Thanksgiving weekend business failed to materialize.
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The holiday season may not reach 2003 levels but will be up, National Retail Federation says. By Joan Verdon. Hackensack, NJ - The holidays will be slightly less jolly for retailers this year, but they still
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NEW YORK -- An already weak holiday shopping season turned out to be even worse than expected for many of the nation's retailers, who reported Thursday they had disappointing sales results for December. The poor performance raised more concerns about consumer spending, and in turn, the health of the...
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Economic woes have dumped a lump of coal on the nation's online retailers, which, like their brick-and-mortar rivals, have struggled with an uneven holiday business following a strong official start to the season.