Store traffic falls in week before Christmas
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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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Circuit City Stores Inc. , the No. 2 U.S. electronics retailer, on Wednesday reported a 5.8 percent drop in December sales at stores open at least a year as customer traffic fell below last year's levels.
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The FTSE 100 extended recent falls on Monday, with retailers at the fore-front of the sell-off. With the key Christmas spending period upon us, the sector was hit by continued consumer spending fears.
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UK shoppers left their Christmas shopping late this year, but there was a seasonal rush in the last 10 days, retailers say.
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Retail sales unexpectedly fall in December as consumers rein in their Christmas spending.
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Shoppers &#151; some holding out for the best bargains, others delayed by winter storms in the Midwest &#151; hit the nation's malls and stores, looking for last-minute gifts and snapping up gift cards on Friday, the day before Christmas.
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Last-minute shoppers saved the Christmas season for retailers with a surge of spending last week. Sales were up 11.6 percent for the week compared with last year, according to ShopperTrak.
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With four days left before Christmas, retailers are still waiting for a holiday shopping blitz -- and beginning to worry they won't hit sales projections for the season.
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Retailers generally had a good showing as the Christmas shopping season began last weekend, but Wal-Mart Stores Inc. dampened the holiday mood with a lump of coal as it reduced its projected sales.
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Wall Street's momentum turned negative over the past week as concerns mount about a US economic slowdown and retail sales ahead of the Christmas shopping season, analysts said.
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LOS ANGELES - Toy makers and major retailers are bracing for potentially weak Christmas sales this year amid concerns that consumers, many squeezed by skyrocketing gas prices or uneasiness over the economy, will spend less on holiday shopping.    On Monday, No...
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With less than two weeks until Christmas, consumers don&#39;t seem to be in a big rush to finish their holiday shopping, evidence from two groups that track sales confirmed on Tuesday.
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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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BEIJING, Dec. 14 -- Sales at US retailers may have fallen in November as consumers took a break after spending at the fastest pace in almost three years, economists said in advance of yesterday&#39;s Commerce Department report.
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Following a lukewarm shopping weekend, the nation's stores are now focusing their attention on the final week leading to Christmas, as consumers seem to be postponing more of their buying to the last minute compared to a year ago.
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Circuit City Stores Inc. CC.N, the  No. 2 U.S. electronics retailer, on Wednesday reported a 5.8  percent drop in December sales at stores open at least a year  as customer traffic fell below last year's levels.
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U.S. chain store sales rose in the  week ended December 4, as average sales were generally ahead of  last year, but customer counts were down, a report said on  Tuesday.