The 2007 holiday shopping season kicked off on Friday with crowds of shoppers, many braving the bitter cold, snagging early bargains on one of the busiest shopping days of the year. Analysts expected moderate sales this year as consumers struggle with the slumping housing market, a credit crunch, rising food and fuel costs and uncertainty about their jobs.
The holiday shopping season kicked off on Thursday even before the turkey was carved, as retailers, worried that gift buying may slow this year, posted special deals on their Web sites on Thanksgiving day. Numerous retailers, including Wal-Mart Stores Inc, Best Buy Co Inc and Circuit City Stores Inc, are offering special deals online.
The cost of Thanksgiving is soaring, according to investment bank Merrill Lynch & Co, which may help explain the gloom among U.S. consumers as they head into the holiday season.
FOX was the winner in the adults 18-49 demographics category for the week ending Sunday, making it the first time it won before Thanksgiving since 1998, Nielsen Media Research said Tuesday.
Just in time for Thanksgiving, the financial experts at Goldman Sachs -- who earned a Wall Street record profit of $9.34 billion in 2006-- are setting up a charity fund which they expect to grow to more than $1 billion within the next few years.
U.S. airlines were dogged more by anxiety than by operational glitches on Wednesday as the Thanksgiving travel rush began in earnest with scattered delays and no major problems.
US stocks fell to the lowest its been in three-months on Wednesday, following the growing unease over the economic outlook and weakening credit markets.
Talks between striking screenwriters and Hollywood studios will resume after Thanksgiving after beginning on November 5.
Let the holiday shopping madness begin ... please? That is the silent plea coming from U.S. retailers, which are gearing up for Black Friday, the chaotic and competitive day after Thanksgiving (November 22) when stores offer eye-popping, limited-time deals to kick off the holiday shopping season.
US President Bush announced steps to tackle air traffic congestion and reduce passenger delays over the Thanksgiving period starting late next week, the White House said on Thursday.
Wal-Mart's lawyers have an early holiday message for Web sites that post Black Friday ads ahead of their official release date: Don't do it.
Retailers are touting holiday deals and discounts earlier than ever this year, but the efforts may fall flat as consumers expect to start shopping for this crucial season later than ever, according to a survey released on Tuesday by NPD Group.
U.S. computer retail sales on Black Friday were slower than the same day a year ago, according toU.S. computer retail sales on Black Friday were slower than the same day a year ago, according to a new study. a new study.
As U.S. shoppers gear up for the Black Friday post-Thanksgiving shopping spree, retailers have been rushing to draw attention to promotions and aggressive price cuts.