Holiday Shopping Season, Retailer | featured news

Shoppers ignored Best Buy Co Inc's promotion of pricey 3D televisions and other high-end gadgets this holiday season as they chased bargains elsewhere, hammering the company's profits.

Retail sales were solidly higher in November, the government reported Tuesday, fueled in part by deep discounting on holiday merchandise.

U.S. online retail sales through the first 40 days of the 2010 holiday shopping season are up 12% from a year ago, according to a Sunday update from ComScore.

The results released reinforced reports over the weekend that consumers shopped, spent and were buying non-necessities again.

Online retailers experienced a sales surge Monday, capping off a holiday shopping week in which more Americans than ever decided to skip the mall. Early estimates indicated overall sales gains of between 15% and 21% for "Cyber Monday," compared to a year earlier.

Black Friday sales rose only slightly from a year ago even though more shoppers visited stores, retail traffic monitor ShopperTrak said Saturday, setting the stage for another uncertain holiday season for retailers.

Shoppers who skipped the crowds on Black Friday gave online merchants a 16 percent spike in revenue, according to data released Saturday....

U.S. shoppers searched for deals on high-definition televisions and popular toys on Friday, as retailers hoped that "Black Friday" would kick off the best holiday shopping season in three years.

Tiffany & Co. sounded an optimistic note for the holidays, saying its sales in the retail industry's most important season are running ahead of target.

Regulators are warning the nation's top retailers to ensure the safety of their workers on Black Friday in the face of what could be a rush for holiday deals.