holiday shopping

(Newser) - With the holiday shopping season set to kick off, retailers are lowering prices on thousands of items to clear space for seasonal products, cutting into profits and producing the worst drop in week-to-week sales since May, Bloomberg reports. US retail sales for the week ending Oct. 20 fell 1.5%...

(Newser) - Gloomy September reports led retailers to lower third-quarter forecasts, the New York Times reported today. With the exception of Wal-Mart—which raised profit forecasts slightly—big chain stores performed below expectations in September. Among the culprits are the credit crunch, warm weather and unflattering comparisons to last September. Even Wal-Mart...