After a bright start, holiday sales fade over Thanksgiving weekend
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NEW YORK - The first holiday-shopping weekend of the year may have started with a bang, but it ended with a whimper, according to evidence yesterday from two groups that track sales.
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WASHINGTON - Americaâs consumers came off a buying binge and were less jolly spenders in November. Newhome sales, meanwhile, cooled from a record high, while demand for big-ticket manufactured goods rebounded.
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Shocked by a mediocre post-Thanksgiving weekend, merchants are rushing to mark down their merchandise - before the majority of holiday shoppers have even seen it.
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Holiday shopping got off to a flying  start in the United States this weekend.
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U.S. chain store retail sales slipped  during the Thanksgiving holiday week, as consumers took  advantage of discounted merchandise, a retail report said on  Tuesday.
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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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Early indications of holiday sales last week showed strength, but investors seemed confused about whether to continue shopping on Wall Street.
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The weekend after the  extended Thanksgiving holiday is typically dismal at the box  office because holiday shopping is usually on the minds of most  would-be moviegoers.
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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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(CBS/AP) The start of the holiday season was respectable but unimpressive for many of the leading US retailers, with consumers jamming stores and malls on Friday and pulling back as the weekend wore on.
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U.S. shoppers were keen bargain hunters following Thanksgiving, but nearly 40 percent of them left disappointed because they did not get help or the lines were too long, according to a survey released on Wednesday.
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Sales at US retailers rose less than forecast at the start of the holiday season as Federated Department Stores Inc. and Limited Brands unexpectedly posted November declines.
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The outlook for the holiday season brightened Thursday as many of the nation's retailers reported an improvement in sales in October. Discounters, however, had another month of lackluster results as their customers cut back their spending again.
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U.S. retailers are expected to post modest November sales this week, with No. 1 retailer Wal-Mart Stores Inc. already cutting its holiday outlook on high oil prices and warmer weather.
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Crucial US holiday sales launched with a flop, retailers reported.
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NEW YORK - The holiday selling season got off to a strong start this weekend, which means...actually, it may not mean anything at all.
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Despite the last-minute shopping frenzy, holiday retail sales were sluggish as the American consumer spent less than expected while Internet shopping slowed down.