Disappointing holiday news hurts retail shares
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Shares in a range of area retailers dipped Monday on disappointing Thanksgiving sales data from Wal-Mart Stores Inc. In addition, ShopperTrak, which tallies sales results from 30,000 stores nationwide, said
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An earnings warning from Lowe&#39;s Cos Inc   and a slashed September sales forecast from Target Corp   hammered retail stocks on Tuesday as skittish consumers  rein in spending, fueling concerns that the holiday shopping  season could be the weakest in years.
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US stores post mixed results for the holiday season, with luxury retailers faring well and others forced to slash prices.
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Stocks headed for a lower open on Thursday as reports of anemic sales growth at major retailers in December, including Target Corp , fueled worries about the economy.
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Given the importance of consumer spending in driving the U.S. economy, November's disappointing retail sales are a cause for concern.
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The nation's retailers had a disappointing start to the holiday season, reporting sluggish sales for November after a much hoped-for surge in Thanksgiving weekend business failed to materialize.
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The 2004 holiday shopping season turned out to be a bumpy one, with last-minute shoppers giving some retailers solid results but other storeowners struggling to a disappointing finish.
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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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Stocks tumbled after a weak sales estimate by Wal-Mart spurred concerns about the holiday shopping season.
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Wal-Mart Stores Inc. unsettled the retail industry Thursday, reporting a sales decline for the first time in 10 years and warning that its holiday sales would be disappointing. The discounter's news, coupled with a jump in unemployment benefit claims, raised concerns about the strength of the retailing sector at a critical time of the year.
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If you didn&#39;t do much holiday shopping last month, it looks like you have plenty of company. Analysts say November chain store sales numbers coming in today are generally disappointing.
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There will be plenty of discussion on Wall Street about December and shopping this week as top retailers report their earnings. The third quarter was rough for retailers, with
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Retail sales unexpectedly fall in December as consumers rein in their Christmas spending.
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The outlook for the holiday season dimmed Thursday as the nation&#39;s retailers reported disappointing sales for November following an uninspiring Thanksgiving weekend.
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AFTER a rollercoaster of a ride today the share market ended in negative territory on a frenzy of profit taking in the afternoon. Retailers were hardest hit following disappointing sales figures released yesterday
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NEW YORK : US stocks closed mixed as a warning over November sales from retail giant Wal-Mart Stores Inc cast a shadow over Wall Street, sparking fears that Christmas shoppers might spend less than expected.
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Business & money: Analysts forecast that Next will report a fall in like-for-like store sales in the run-up to Christmas