Dec retail sales somber
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Major retailers on Thursday reported largely disappointing sales for the critical December shopping season, while a separate report showed new claims for jobless benefits fell unexpectedly, somewhat easing concerns of a weakening job market.
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Merchants are slashing post-holiday prices even deeper, hoping to squeeze the last bit of sales from a shopping season that many retailers are finding unimpressive.
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Retail sales posted their steepest drop in nearly two years in June, according to government data on Friday, indicating the housing market slump and soaring gasoline costs are depressing consumer spending.
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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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NEW YORK (Billboard) - Just when it seemed erosion of music sales during the holiday season couldn't get worse, December snowstorms compounded the retail industry's misery.
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The outlook for the holiday shopping season grew more uncertain Thursday as the nation&#39;s largest retailers reported they had a fourth straight month of tepid sales in September.
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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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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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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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U.S. shoppers have kept a tight grip  on their wallets this holiday season with indices on Tuesday  showing sluggish sales in the second week of the  season.
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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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U.S. shoppers have kept a tight grip  on their wallets this holiday season with indices on Tuesday  showing sluggish sales in the second week of the season.
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Excitement on Friday as the holiday shopping season got underway cooled before the weekend&#39;s close as cautious shoppers browsed and let many deals pass.
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If anyone is looking for signs that we may be headed into a recession, look no further than the dismal December sales results turned in by the nation's retailers.
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Consumers put away their wallets in June, sending retail sales plunging by the sharpest amount in nearly two years. Sales of autos, furniture and building supplies all fell, highlighting the economy's weak spots.
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The outlook for the holiday season dimmed Thursday as the nation's retailers reported disappointing sales for November following an uninspiring Thanksgiving weekend.
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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.