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Same-store sales seen up 4.3 percent in December

December Retail Sales

When top retailers post their December sales this week, Wall Street analysts are expecting them to report a healthy end to the holiday season, helped by discounts, improved consumer sentiment and tactics like extended hours and layaways.

 

Sears and Kmart list 79 store closures

Struggling Sears Holdings Co., which controls the Kmart and Sears chains, has posted a list of 79 stores that will be shuttered after a disappointing holiday season.

 

Last-minute holiday shopping gives lift in finale

Shopping

A mall trade group says that last minute shoppers gave merchants a solid lift during the final week before Christmas. Sales at stores opened at least a year rose 0.9 percent for the week ended Saturday compared with the previous week and was up 4.5 percent compared with the same period a year ago, according to the International Council of Shopping Centers-Goldman Sachs Weekly Chain Store Sales Index, released Wednesday.

 

Sears to close 100 to 120 Kmart, Sears stores

K-Mart

Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers.

Senh: Declining sales during the busiest shopping season is not a good sign for Kmart and Sears. I didn't know Sears own Kmart now.

 

Stores see busy, but not bang-up Christmas eve

Holiday Shopping

Retailers saw their fair share of last-minute shoppers on Saturday, the day before Christmas, but stores were not super-busy, putting a moderate cap on pre-holiday season that started with a bang and has waned ever since.

 

More retailers pull formula after Mo. infant death

Several more national retailers have joined Wal-Mart Stores Inc. in pulling a batch of powdered infant formula from their shelves.

 

Amazon Says Kindles Sell Over 1M/Wk For Third Straight Week

Kindle Fire

Amazon.com this morning announced that it has sold more than 1 million Kindles a week for the last three weeks in a row. The retailer said that the Kindle Fire tablet remains the single best selling item on Amazon.com?s site. The Fire has been the best-selling product on the site for 11 weeks in a ...

Senh: Finally some real numbers from Amazon regarding the Kindle Fire sales. They still lumped sales of all Kindle products together though. Maybe it's more impressive that way, but it's kinda sneaky. Why don't they just flat out tell us how many Kindle Fires have been sold?

 

Lowe's pulls ads from TV show about US Muslims

TLC: All-American Muslim

A decision by retail giant Lowe's Home Improvement to pull ads from a reality show about American Muslims following protests from an evangelical Christian group has sparked criticism and calls for a boycott against the chain.

 

U.S. Retailers Outperform Forecasts

Retailers

Retailers’ midnight openings last week brought in customers, most big chains said they were pleased with their Black Friday sales, and the November revenue increases at stores open at least a year came in just where analysts had expected, reports showed Thursday.

 

TVs are hot sellers this holiday season

Holiday Shopping: TVs

In an unexpected twist, TVs are topping many Christmas shopping lists this year. Wal-Mart says TVs are among the top gifts people are putting on layaway at its 3,000-plus U.S. stores during the holiday season. The Westinghouse 46-inch LCD HDTV that was on sale for half off at Target for $298 was a top seller during the start to the season last weekend. And Abt Electronics already has sold out of 55-inch Samsung LED TVs that were marked down by half to $1,099.

 

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