Retailers facing a 'tough' 2008
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Retailers face one of their "toughest ever years" in 2008, a report into the UK-wide sector warns.
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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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Office Depot Inc , the No. 2 U.S. office supply chain, said on Tuesday sales would remain challenging in early 2008 and that second-quarter same-store sales could be close to flat.
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When the going gets tough, the tough go shopping.
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Business & money: Chief executive warns of tougher times until 2009 as retailer reveals first drop in two and a half years
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Consumer spending, the critical bulwark that has kept the country out of a recession, is showing signs of cracking. Retail sales plunged by 0.4 percent last month as consumers battered by a sinking housing market, rising unemployment and the credit crunch, handed retailers their worst Christmas in five years.
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India's major software firms say a US economic slowdown may bring more customers seeking cost savings, but analysts warn that the once red-hot sector faces tough times in 2008.
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Retailers say they're having trouble meeting this year's Christmas forecasts. Not online, though.
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Consumers are breaking out their wallets on the brink of what should be a robust holiday shopping season, several reports suggested yesterday.
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Crumbling consumer confidence and slumping home sales could prove to be a bad combination for retailers, and for the broader economy going into the holiday shopping season
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British sweets-to-DVDs retailer Woolworths Plc  said that trading over the key Christmas period was "very challenging", knocking its shares, but it expected its retail unit to return to profitability this year.
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They spent years drawing consumers into stores with highly publicized sales and markdowns. Now retailers and their vendors are struggling to convert sale shoppers to full-price buyers.
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NEW YORK - Struggling with disappointing seasonal sales, the nationâs retailers remained on edge - wondering if they would get the big surge in last-minute Christmas spending they needed to meet holiday forecasts.
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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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Even industry insiders see weakness until 2009.
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U.S. retail sales in 2008 are forecast to rise at their slowest pace in six years as consumers battle higher energy costs, fallout from the housing slump and sluggish employment and income growth, the National Retail Federation forecast on Monday.
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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