December retail sales dip with outlook weak for 2008
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Sales dipped 0.4 percent last month, and consumers may pull back more.
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A leading retail trade group predicted yesterday that holiday sales growth will lag behind last year's in an early forecast that set a tepid tone for the most important shopping season of the year.
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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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Stocks tumbled after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season.
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Stocks opened lower on Thursday after major retailers reported anemic sales growth in December, adding to worries about the economy.
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U.S. consumer sentiment fell in  December, a prelimiary report showed on Friday, as consumers  pared back their views of future financial conditions.
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Retailers felt the pinch following the Christmas trading period as sales plunged by 1.8 percent in January, the biggest monthly fall in four years, official data has shown.
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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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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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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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Retail sales unexpectedly fall in December as consumers rein in their Christmas spending.
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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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UK retail sales rose at their weakest pace in more than a year in December, according to an industry survey.
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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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U.S. consumer sentiment fell in December, a prelimiary report showed on Friday, as consumers pared back their views of future financial conditions.
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U.S. retailers on Thursday delivered mixed sales results for December, the year's key shopping month, with upscale stores faring well but many others slashing prices, squeezing profits.
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Target Corp  warned on Monday that its December same-store sales were below expectations and said it now expects sales at stores open at least a year in the range of down 1 percent to up 1 percent, adjusted for a calendar shift.