Major Retailers Feel the Squeeze From Consumers
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Once seemingly invincible marquee chains like Coach, Target, Starbucks and Abercrombie & Fitch are settling for ho-hum growth this winter.
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The holiday shopping season began with a surge in spending but consumers faded by the long Thanksgiving weekend's close and many retailers were facing decent but hardly impressive sales.
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The November sales results for a few retailers raise some questions.
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Electronics makers considering the strain on the U.S. economy are hoping consumers will cut other expenses first, but many see some worrying signs ahead.
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Some fear that American consumers will pull back from their exuberant spending, cooling demand for goods worldwide and dragging down the global economy.
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Retailers experience a big bump following five weeks of slow sales, according to a report.
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After frustrating the nation's retailers throughout the holiday shopping season by waiting until the last minute to buy gifts, consumers are not expected to give merchants much relief in 2005.
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Consumers apparently shook off their worries about higher gas prices during May, shopping with enthusiasm at stores and malls and giving many retailers better-than-expected results. A big exception was Wal-Mart Stores Inc., whose low-income consumers are feeling the biggest financial squeeze from &#36;3-a-gallon gas.
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NEW YORK - 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, if the labor market contracts further and chokes off spending, economic data showed yesterday.
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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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Holiday shoppers rushed the doors of apparel retailers, including Aeropostale Inc. , over the U.S. Thanksgiving weekend, anxious to snag some of the best deals of the year, but the sharp discounts could hurt the companies' bottom lines.
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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.
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The holiday shopping season is entering the home stretch. And with some retailers depending on seasonal spending for half or more of their sales, the stakes are high.
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Merchants are slashing post-holiday prices even deeper, hoping to squeeze the last bit of sales from a shopping season that many retailers are finding unimpressive.
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The holiday shopping season began with a surge in spending, but consumers faded by the long Thanksgiving weekendâs close and many retailers were facing decent but hardly impressive sales.
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Lots of retailers took a tumble over the last year. Which ones should bargain hunters be watching?
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The nation's consumers, uninspired by this season's fashions and rattled by high gas prices and the weak housing market, shopped gingerly last month, extending the misery of retailers who have struggled with a spending slowdown since February.