* Lower price tags, more classics in U.S. stores for Christmas * Retail executives see sales stabilizing at lower rate * Cautious optimism on outlook for Christmas NEW YORK, June 11 - Fewer party dresses,...
After weeks of hoping for a Christmas miracle, U.S. retail chains confirmed Thursday that they suffered one of the worst holiday shopping seasons in decades. Most stores reported sales declines and many lowered their earnings guidance, including Wal-Mart, the world's largest retailer.
A raft of Christmas sales updates from retailers next week is likely to underscore the trends seen so far, with food and discount chains coping in the economic downturn, but sellers of discretionary items suffering.
* Louis Vuitton says no bad surprises from Christmas trading * Hugo Boss says Christmas better than expected * Hugo...
LEEDS-based Northern Foods made no comment on the future of its Fox's Biscuits factory at Batley today as it reported "robust" Christmas trading...
MELBOURNE, Jan 7 - Australian home electronics retailer JB Hi-Fi Ltd <JBH.AX> said on Wednesday sales over the Christmas period were above expectations and beat those of a year earlier. "We were strong across the...
LOS ANGELES, Dec 28 - It may have been a bleak Christmas for U.S. retailers but Hollywood enjoyed a bumper holiday as new films, led by the dog tale "Marley & Me" and awards contender...
The world's economies limped toward Christmas on Tuesday, with a US contraction confirmed, Britain shrinking more sharply than thought and Spain and New Zealand languishing in recession.
SYDNEY, Dec 24 - The Australian dollar was on the defensive on Wednesday as trading volumes dried up ahead of the Christmas holiday, and as more bad news about the global economy kept investors wary...
U.S. drivers are paying the lowest gasoline prices in five years heading into a Christmas holiday week, the government said on Monday...