holiday retail sales

Holiday Retail Sales Growth Weakest Since 2008

U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers' rising uncertainty about the economy.

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.

Holiday Shopping Season Stronger Than Expected

The holiday shopping season is wrapping up to be bigger than anyone expected. Now, retailers are holding their breath and hoping consumers will keep spending in the final days before Christmas.

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.

Retail Sales Rise for Sixth Straight Month

Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Retail sales rose 0.2 percent in November, the Commerce Department said Tuesday.

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.

Analysts: Santa's Bag Will Be Filled With Bargains

Consumers can expect a holiday shopping season heavy on promotional offers as stores offer sweet bargains on all manner of products amid a still-sluggish economy -- good news for buyers of tablet computers, smartphones and video games, all predicted to be big gift items this year.

Retailers Already Trying to Fend Off the Grinch

It's hard not to sound like the Grinch these days: As we head into the holiday season, unemployment remains painfully high, and August 2011 saw a 47% increase in layoffs compared to last year, with no growth in hiring. Poverty stats are equally dismal, with the cost of living rising. Here's how retailers are responding.

A Dose of Bah, Humbug for Holiday Sales Growth

Major retailers are reporting healthy gains in November revenues, adding more evidence that holiday sales will be significantly higher than last year. But reading that as a sign of a wider economic recovery may be giving too much credit to what turns out to be a tiny sliver of U.S. GDP.

More Holiday Shopping Will Move Online in 2010

Online sales during the holiday season are likely to exceed their 2009 levels as shoppers shift away from shopping at some brick-and-mortar operations such as electronics and warehouse stores, said market research firm The NPD Group in a report Wednesday.

Foot Locker Shutting 117 Stores

After a holiday season that looked good only by comparison to 2008's truly dismal one, retailer Foot Locker is closing 117 of its approximately 3,600 stores in an effort to increase efficiency.

Gift Cards Are Retailers' Last Hope For Holiday Cheer

The books are nearly closed on the holiday shopping season and it looks like sales in bricks-and-mortar stores were about as bad as last year. But there's one last present the big store chains haven't unwrapped: gift cards.