Accenture Ltd

Despite Strong December Sales, a Mixed Holiday Season for Retail

The retail industry is reporting some much-needed good news in the form of stronger-than-expected December sales figures. But those numbers seem to have come as a result of desperate last-minute discounting, suggesting reduced profit margins and an increasingly hard-to-please American shopper.

Black Friday Is Losing Its Luster As a Shopping Event

Here's the scoop on the holiday shopping season: Fewer people will camp out in front of stores before Black Friday this year in hopes of scoring hot deals on the "it" gifts. Instead, they'll use smart phones and tablets to comparison shop for the best prices, according to Accenture's latest survey.