Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier, according to data released Sunday by an industry group.
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Holiday season U.S. store sales down 8 percent in 2014: RetailNext
U.S. retail store sales fell 8 percent during the 2014 holiday season despite a late shopping surge, but overall holiday sales should show a 3.5 to 4 percent rise from a year ago because of stronger online buying, analytics company Retail Next said on Wednesday.
Free delivery creates holiday boon for U.S. consumers at high cost
For top U.S. retailers, free delivery is now the norm. That is good news for shoppers, but not so much for investors. During the just-ended holiday season, outlets from Target to Wal-Mart to Amazon
U.S. holiday sales may recover with help of deep discounts
Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers.
You may already be too late for hottest holiday toys
If you still have Disney's Frozen Castle and Ice Palace Playset on your holiday gift list this year, you may already be out of luck. With Christmas approaching, the $119 toy - made by Mattel Inc - is sold out. Of course, you can find it at resellers for about $225 and even as high as $700 on eBay.
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Target Corp (TGT.N) on Wednesday reported its first increase in U.S. same-store sales in four quarters and a quarterly profit above expectations, but said it would review the future of its loss-making Canadian business after the holiday season.
Who is Alex from Target? Apparently he is now Ellen's latest prodigy and friend, as reflected in her Twitter updates. The viral Target employee has captured the interest of the talk show host.
Dollar General Corp (DG.N) extended its tender offer for shares of Family Dollar Stores Inc (FDO.N) to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc (DLTR.O).
Amazon has reportedly turned to dirty browbeating amid a contract battle with top publisher Hachette. The internet retailer has subjected many books from Hachette to artificial purchase delays, suspended pre-orders of new titles, increased prices and stopped re-stocking existing ones.
Target has invested $100 million to secure its credit and debit card payment facility and changing the magnetic stripes feature to chip-and-PIN terminals after 40 million cards were hacked.
Chicago-based Trustwave Holdings Inc denied allegations on the lawsuit filed by two lenders that it managed Target's data security and processed the data of its cardholders, Reuters reported.
Hackers responsible for the data breach on Target stores over the holiday season gained access using log-on credentials for heating, refrigeration, and air conditioning, according to a post on Krebs on Security written by former Washington Post reporter Brian Krebs.
The US Secret Service confirmed that it is investigating a potential data security attack at Texas-based arts and crafts retail chain Michaels Stores, which alerted its customers to check credit account statements for fraudulent charges.
The data theft at American retailer Target that happened between November to December last year prompted a bank to replace all customer debit cards involved in the breach, with the new cards to be sent out soon.
