Holiday sales: Jitters mounting
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Malls were open around the clock and stores came through with huge discounts - but the last weekend before Christmas didn't do the trick, analysts said.
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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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The nation&#39;s retailers remained on edge Sunday, as the much-hoped for sales bonanza appeared not to materialize on the last weekend before Christmas, despite an abundance of deals on toys and apparel.
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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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There's an anxious face-off between sellers and buyers of homes as expectations of big profits fade
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As computers and hand-held electronic gadgets eats into sales, this holiday season promises to be an especially competitive one for toymakers.
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The nationâs retailers had a disappointing start to the holiday season, reporting sluggish sales for November after a surge in Thanksgiving weekend business failed to materialize.
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Sales keep slacking for this tough turnaround.
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Tiffanyâs holiday slowdown was unexpected and sent jitters through the luxury-goods industry, which had seemed invulnerable, even as the housing market began to sputter.
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Holiday sales are expected to rise at their slowest pace in five years as the weak housing market and a credit crunch temper consumer spending, the National Retail Federation said on Thursday.
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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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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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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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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 sluggish sales results for December. The disappointing performance raised more concerns about consumer spending.
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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&#39;t hit their sales projections for the season.
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Holiday sales are expected to rise,  though at a slower rate than last year as consumers fret about  the declining housing market, according to a National Retail  Federation economic forecast on Tuesday.
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The nation's retailers remained on edge, as the much-hoped for sales bonanza appeared not to materialize on the last weekend before Christmas, despite an abundance of deals on toys and apparel.