Retailers Post Mediocre Holiday Sales
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Lucinda Antal, of Liverpool, England, right, tests lipstick shades on her hand at the Face store in New York Sunday Nov. 28, 2004, assissted by salesperson David Kalahiki.
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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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The retailer posts modest gains in total sales and comps.
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Amazon.com, eBay and other retailers fell in U.S. trading as cash-strapped consumers limited their Internet holiday purchases while waiting for better bargains.
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Many U.S. retailers are expected to report disappointing December sales later this week, hurt by everything from the challenging economy to unfavorable weather to the calendar, which shifted more holiday sales to November.
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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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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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Retailers benefited from a last-minute holiday shopping spree, putting them on track to meet modest seasonal sales goals, two groups that track consumer spending reported Tuesday.
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Drugstores reported unusually weak December sales on Thursday, citing a slow flu season, lower-priced generic drugs and sluggish demand for seasonal items.
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The nation's retailers had a disappointing start to the holiday season, reporting sluggish sales for November as a much hoped-for surge in Thanksgiving weekend business failed to materialize.
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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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Shoppers were spending money up until the last minute, but holiday sales were nevertheless a disappointment. So says MasterCard Advisors' SpendingPulse, a report that tracks retail sales nationally.
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From discounters to department stores, the nation&#39;s retailers reported bleak November sales yesterday, raising doubts about holiday sales prospects.
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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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Steep discounts, combined with warm and wet weather, led to a less-than-stellar November sales for many chains, despite heavy shopper turnout for the kick-off of the holiday season, retailers said on Thursday.
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The outlook for the holiday season dimmed yesterday as the nation's retailers reported disappointing sales for November following an uninspiring Thanksgiving weekend.
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The November sales results for a few retailers raise some questions.