Holiday sales ended up better than expected this year. U.S. retail sales, excluding automobiles and gas, are on track to rise about 3.8% in November and December from a year earlier. But heavy discounting is likely to pinch profit margins.
WSJ.com: What's News US, Wall Street Journal
Wed, 12/28/2011 - 11:34am
Holiday sales ended up better than expected this year. U.S. retail sales, excluding automobiles and gas, are on track to rise about 3.8% in November and December from a year earlier. But heavy discounting is likely to pinch profit margins.