UNITED States retailers counting on post-Christmas sales to spruce up the sluggish holiday season may be disappointed as tapped-out shoppers turn their noses up at discounts of 70 percent or more.
The NPD Group Inc released the results of its latest Consumer Spending Indicator study. The holiday retail season is in full swing, and all indications suggest the U.S. consumer is looking for ways to spend less. According to the December survey 81% of consumers say they plan to spend less money than usual.
U.S. retailers' sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.
The National Retail Federation Tuesday asked President-elect Barack Obama to incorporate three national sales tax holidays into economic stimulus legislation he and his team of advisers are working on, saying it would boost consumer confidence...
NRF Asks Obama for National Sales Tax Holidays to Aid Consumers as Part of Economic Stimulus WASHINGTON--(BUSINESS WIRE)--December 23, 2008-- The National Retail Federation today asked President-elect Barack Obama to incorporate a series of national...
The National Retail Federation Tuesday asked President-elect Barack Obama to incorporate three national sales tax holidays into economic stimulus legislation he and his team of advisers are working on, saying it would boost consumer confidence...
The New Zealand dollar <NZD=> was softer on Wednesday as investors were more averse to risk and trading thinned ahead of the holiday period...
BlackBerry maker Research In Motion Ltd. reported record sales for its latest quarter and predicted even higher sales helped by pent-up demand for new models in the holiday season ...
Online spending has essentially remained unchanged for the first 42 days of the 2008 November-December holiday season, compared with the same period last year; however, the most recent week saw a sales decline, according to the latest research from ComScore.
The 2008 holiday retail season will be dominated by deep promotions that might cut into retailers' profit margins, said many retail analysts and economists.