Christina Cheddar Berk is a senior news editor at a CNBC.com. Before joining CNBC, she was a special writer at Dow Jones Newswires and a guest columnist for the Wall Street Journal. Cheddar Berk was part of a team of reporters who received a Society of American Business Editors and Writers award for breaking news coverage. She also has worked as an associate editor for "The World Almanac" and an assistant editor for "Funk & Wagnalls New Encyclopedia."
After an early frenzy of shoppers socking toys away for the holidays on layaway, the brief glimmer of hope for a turnaround in the beleaguered toy industry has vanished.
With holiday sales gains widely expected to slow from last year’s pace, retailers are employing new tactics to help close the deal.
The cost of a classic Thanksgiving dinner edged up slightly, but it could have been lower this year had it not been for the meal’s traditional centerpiece, the turkey.
Although the headlines are still dominated by the U.S. presidential election and the aftermath of Superstorm Sandy, analysts are still looking ahead to the busy holiday shopping season — there are only 48 days until Christmas — and some of the latest reports are more optimistic than the earlier projections.