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Sony goes thin with new 8-inch notebook

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Sony unveiled the VAIO P Series Lifestyle PC, boasting that it is the world's lightest notebook with an 8-inch screen and weighing just 1.4 pounds at the Consumer Electronics Show in Las Vegas Wednesday.

Retailers announce dismal December sales

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Major retailers reported dismal monthly sales for December on Thursday, with Wal-Mart Inc, the nation's biggest retailer, showing a disappointing 1.7 percent rise in December sales at its US stores open at least a year and cut its quarterly earnings outlook.
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J.C. Penney 1Q Down 50 Pct

J. C. Penny Co. reported that its first-quarter profit fell by 50 percent on lower consumer spending and it forecast a similar profit drop for its current quarter.
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U.S. Stocks Drop on Weak Economic Data

U.S. stocks fell at Tuesday's start, after the government said soaring fuel prices did not hinder consumers from shopping as much as expected and Oppenheimer & Co.'s Meredith Whitney cut profit projections for Wall Street's biggest securities firms.
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Best Buy and Carphone Warehouse in $2.1 Bln Deal

Best Buy Co., the largest U.S. electronics retailer, will open its first stores in Europe by paying $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the companies announced Thursday.
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Consumers turn to cash in credit squeeze

The British Retail Consortium (BRC) has released a new survey suggesting that consumers are switching from credit cards to cash, thanks to the slowdown in the economy.
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J.C. Penney Cuts Back on '08 Growth Plans

JC. Penney Co., the third largest U.S. department store chain, said it will open fewer new stores this year than originally planned and it will increase its efforts to attract frugal shoppers away from rivals by revising its marketing pitch and adding new brands.
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Burberry revenue up 19%

Fashion company Burberry Group has reported a rise in total revenue of 19 per cent for the half year to 31 March 2008.
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Retail Sales Show Shoppers in Saving Mood

Leading U.S. retailers had a mixed March, with discount and wholesale retailers reporting better sales in March than higher priced department stores and specialty retailers as shoppers face a slowing U.S. economy which may already be in a mild recession.
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Lowe's forecasts year profit below estimates

Retailer Lowe's Cos reported lower quarterly profit on Monday and forecast full-year earnings below Wall Street estimates, citing challenging days to come as the slumping housing market hurts sales.
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January Retail Worst in 4 Decades

January retail sales were the worst in nearly four decades, adding further tension to a stumbling economy, according to Nordstrom Inc.
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Guitar Hero Sales Hit $1Bln

Guitar Hero video game hit a industry record on Monday, generating $1 billion in sales in North American retail within 26 months, a market research reported.
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Cell phones and virtual worlds morphing shopper ways

Virtual worlds, mobile coupons and bar-code readers on cell phones are the next technology wave that U.S. chain stores must ride if they hope to stay competitive in the fast-changing world of global retail.
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Dell seen back to strong growth

Dell Inc returned to double-digit percentage growth in global PC shipments in the fourth quarter as its new retail sales strategy began to pay off, while rival Hewlett-Packard Co's growth slowed, technology researcher IDC said on Wednesday. Overall, global personal computer sales rose a healthy but less-than-expected 15.5 percent in the fourth quarter, and economic concerns were likely to cut into future demand, IDC said.
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Dollar falls on weak retail sales

The dollar extended its declines against the euro and yen on Tuesday after data showed U.S. retail sales for December were below market expectations.
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Retailers brace for consumer slowdown in 2008

Dream Big is the theme of the National Retail Federation's annual conference taking place this week and that is likely to be what many U.S. retailers will do to survive 2008 -- dream big of greener pastures.
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Retail December Sales Growth Slowest in 5 years

Retailers reported weaker than expected December sales results on Thursday, reflecting a 2007 holiday shopping season that is turning out to be one of the weakest in years due to a weakening job market and the ongoing housing slump.
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Electronics retailers unhappy as shoppers cautious

The toll that economic uncertainty has taken on U.S. consumer electronics retailers was made very clear on Tuesday by Circuit City CEO Phil Schoonover. I am not smiling, Schoonover said, when asked to reflect on his 2007 sales.

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