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Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
People keep asking Cramer if anything makes him nervous about this market. Quite frankly, yes.
Analysts say retailers' big challenge will be to figure out a way to attract customers without giving away the store, as many did this holiday.
Fewer store visits and aggressive pricing at the start of the season by big retailers like Amazon.com Inc and Wal-Mart Stores Inc left many chains with little choice but to offer sweeter deals this holiday season. Those bargains led many chains, including L Brands, Family Dollar Stores Inc and teen retailer Zumiez Inc, to slash their profit forecasts.
Macy's is becoming an innovator, but don't expect that to carry through to other retailers.
L Brands cut its earnings forecast for the holiday quarter on Thursday after reporting disappointing December sales at its Victoria Secret and La Senza chains. Family Dollar Stores Inc and teen retailer Zumiez Inc, which both reported sales declines for December, also slashed their profit forecasts.
Some of the names on the move ahead of the open.
As Zynga becomes the latest adopter of the digital currency, the move highlights a budding trend: businesses adopting bitcoin to woo a key consumer demographic.
UPS, embarrassed by deliveries that failed to reach clients in time for Christmas, may have a shrunken fleet of jets to blame. The WSJ reports.
StellaService, which rates retail customer service, scored sites on meeting promised delivery dates on holiday orders.
According to ShopperTrak, traffic for the week ended Dec. 22 was down 21.2 percent year over year.
The 11th-hour moves include a barrage of emails broadcasting drastic promotions, including half-off discounts on all merchandise.
Call it mistress inflation: The recession is over and she's going to want a much more expensive gift this year, says Todd Schoenberger.
L Brands last week reported a 5 percent decline in same-store sales, but analysts said it should turn around as the holiday season progresses.
Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.
NEW YORK, Dec 6- Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.
It may be time to step back from retailers, because the damage is broader than just apparel.
Costco missed its November sales target as lower gasoline prices and weaker foreign currencies cut into a five percent increase in monthly net sales.
NEW YORK, Dec 5- Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Costco Wholesale Corp on Thursday said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters.