HolidaySales

Last-Minute Holiday Shopping Gives Lift in Finale

Last minute shoppers gave merchants a solid lift during the final week before Christmas, according to a report from a mall trade group Wednesday. Revenue at stores open at least a year rose 0.9 percent for the week ended Saturday compared with the previous week.

Bad Holiday Sales Leads to Sears, Kmart Store Closings

Sears Holdings on Tuesday reported a sharp drop in holiday sales compared to a year ago, and said the results will force it to close 100 to 120 Sears and Kmart stores. The company said the stores to be closed have yet to be identified.

Top Retail Trade Group Upgrades Holiday Forecast

With the final Christmas countdown begun, the National Retail Federation has upgraded its holiday sales forecast, reflecting growing optimism that much more spending is to come. The NRF now expects holiday sales to rise 3.8% to a record $469.1 billion. That's up from its more modest 2.8 percent forecast made in early October, though it's hardly stellar.

Retailers Shouldn't Expect Much Holiday Cheer

The holiday shopping season is looking pretty bleak for retailers. Best Buy recently announced that it plans to hire fewer holiday workers than it did last year, and now new data from the consumer research group NPD suggests that Best Buy won't be the only chain stuck in a holiday sales rut.

Father's Day: Real Holiday or Just a Retail Holiday?

As America's hard-working, actively parenting dads prepare to unwrap their gifts of grills, barbecue mitts and ties, it's worth asking if Father's Day is a genuine holiday, designed to honor them, or just retail event designed to help the economy through the rough patch between Memorial Day and the Fourth of July.