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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.
News flash, retailers: There's a reason that mosh pit of rock-bottom deals and rampant consumerism is called Black Friday -- it occurs on Friday. And there's good reason to keep it that way.
That's what retailers anxious to lure holiday shoppers are hoping to find out with their latest innovation: Walmart, Kmart, Sears and eBay are all testing versions of the "real" online store.
There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead: The Kindle Fire, the Nook Tablet, and earnings reports from Sears, Gap, Hot Topic, Lowes Home Depot and Staples.
Layaway became obsolete in the bubble years, an anachronism from bygone times when many consumers couldn't access credit. In today's rough economy, layaway is making a comeback for the holidays. But for investors who hold certain retail stocks, this may mean lumps of coal in their portfolios.
With Americans' budgets squeezed, more consumers will turn to layaway programs -- which allow shoppers to make payments in installments -- this gift-giving season, according to a new survey.
The beauty business is undergoing a makeover at some of the nation's biggest retailers, as pharmacies and department stores go after shoppers in new and unconventional ways. Sears, CVS, Duane Reade and their cohorts are courting a business that has rebounded well from the recession despite the country's economic malaise.
Lands' End has named Edgar Huber, former CEO of Juicy Couture, as its new chief executive. Will he be able to breathe new life into the 48-year-old brand?
The nation's big retailers are betting on exclusive lines to ring up back-to-school sales, and also targeting kids and teens where they wile away the hours -- online -- with digital campaigns designed to both entertain and stoke a social-shopping experience tailor-made for the tech-savvy generation.
Online retailing is big business, and growing. As virtual storefronts become major revenue generators, many retailers are realizing the value of free shipping, which has the potential to greatly increase sales. Consider these seven promotional strategies, good for consumers and investors.

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