Weak December Sales for Retailers
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The nationâs big retail chains, a closely watched barometer of economic health, reported dreary December sales, which may stoke fears of a recessionary downtown.
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The outlook for the holiday season dimmed yesterday as several of the nation&#39;s large retailers reported disappointing sales for November, which included an uninspiring Thanksgiving weekend, The Associated Press reports.
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Stocks tumbled after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season.
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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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Retailers posted mostly gloomy December sales results, as snow storms, discounts and economic uncertainty conspired to make the 2007 holiday shopping season the worst in 5 years.
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January retail sales were  unexpectedly flat as motor vehicle, gasoline and electronics  sales dipped sharply in the post-holiday season after a  December that was stronger than originally indicated, a  Commerce Department report showed Wednesday.
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Major U.S. retailers on Thursday reported gloomy sales for the critical December shopping season, while a separate report showed new claims for jobless benefits fell unexpectedly in the latest week, somewhat easing concerns of a weakening job market.
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The nation&#39;s retailers had a disappointing start to the holiday season, today reporting sluggish November sales as a much-hoped-for surge in Thanksgiving weekend business failed to materialize.
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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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Retailers like Wal-Mart Stores Inc.  and Federated Department Stores  reported weak February sales on Thursday, saying the month's cold temperatures and stormy weather hampered results.
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Retailers may be in for a blue Christmas this year as worries about soaring energy prices, consumers' cost-consciousness and a warmer December than last year make for lackluster holiday sales, retail analysts said.
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Drugstores reported unusually weak  December sales on Thursday, weighed down by a slow flu season,  lower-priced generic drugs and sluggish sales of seasonal  items.
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U.S. shoppers came out in droves in  November, but warm and wet weather, combined with steep holiday  discounts, prompted less-than-stellar sales at many chains,  retailers said on Thursday.
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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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Crucial US holiday sales launched with a flop, retailers reported.
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Retail spending by Americans was little changed in December as consumers anxious over the housing slump and high oil prices held back on purchases during the crucial holiday season, a report released on Friday showed.
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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.