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Store traffic falls in week before Christmas

Economic pressures and online deals might have led consumers to sharply limit their trips to retailers in the week leading up to Christmas, data tracker ShopperTrak RCT said on Thursday.

Retailers See Slower Holiday Growth: Reports

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U.S. consumers, who flocked to malls at the start of the holiday shopping season, have since backed off, kept out of stores by a Midwest ice storm and the ease of shopping online, data released on Sunday by SpendingPulse showed.
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Home sales at record low

Sales of previously owned U.S. homes dropped to a record low in October and businesses slashed spending on new equipment, according to reports on Wednesday that added to signs of a rapidly slowing economy. The dire housing market worsened in October as banks tightened lending standards and prices fell at a record pace. Sales of existing homes fell 1.2 percent in October to an annual rate of 4.97 million.
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Fuel costs seen cutting holiday spending

The number of consumers expecting to cut holiday spending is at its highest level in recent years, with most citing high gasoline and home heating costs, according to an industry survey released on Monday. But fewer consumers are saying they are concerned about making monthly payments on mortgage and consumer loans, despite a widespread subprime mortgage crisis that has resulted in a credit crunch.
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Retailers hope shoppers are finally ready to spend

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.
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Fifth Ave world's priciest retail location: reports

Fifth Avenue in New York remains comfortably the world's most expensive retail location but property services firms are split on how rival shopping destinations stack up behind it, data showed this week.
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Dollar falls as growth fears linger

The dollar fell on Wednesday on continued worries that a struggling U.S. housing sector and lingering credit problems could hurt the broader economy.
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October retail sales up 0.2 percent

Retail sales rose a sluggish 0.2 percent in October, matching economists' expectations, as a housing downturn and steep oil prices constrained consumer spending, Commerce Department data on Wednesday showed.
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U.S. retailers post weak October sales

Most retail chains suffered through a dismal, record-warm October, with leader Wal-Mart Stores Inc falling short of Wall Street same-store sales estimates and the apparel sector continuing to struggle.
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Bank of China eyes UK expansion

Bank of China, the world's No. 6 bank by market capitalisation, is seeking acquisition opportunities to expand its British retail business, a senior executive said.
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Dell to sell computers in 1,400 Staples stores

Dell Inc (DELL.O) said it would sell personal computers, printers, monitors and ink supplies in 1,400 Staples Inc (SPLS.O) stores in the United States, its latest move into retail after breaking from 23 years of selling directly to consumers.
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Code of conduct call for price comparison sites

Price comparison sites risk misleading consumers and should be governed by a code of practice, an independent body says. It would aim to ensure that such services display up-to-date information, disclose how much of the market they cover and are transparent in the commercial relationships they have with product providers.
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Holiday shoppers to spend with caution: NRF

U.S. shoppers may spend more money on holiday purchases this year, but that spending will increase at only about half the pace it did a year ago, an industry trade group study released on Tuesday found.
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Solid Retail Calms Recession Angst

U.S. retail sales rose solidly in September while a key inflation gauge remained muted, data on Friday showed, suggesting the economy retained some buoyancy despite a weakening housing sector. With consumers flexing their spending power, the latest batch of data paints a less gloomy picture of an economy that is slowing, but not stalling.
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Warm weather dampens September retail sales

Many of the leading U.S. retailers reported dismal September sales that missed Wall Street's expectations, hurt by unusually warm weather, prompting some to cut their outlook for the entire quarter. Industry leader Wal-Mart raised its outlook for the quarter but said sales came in at the low end of expectations.
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Retailers cut outlooks as consumer spending slows

Large and small U.S. retailers have reported signs of cautious spending by consumers, who are feeling the pain of higher food and gasoline prices as the housing market decelerates after buoying consumer confidence and spending for years. Retailers Men's Wearhouse, American Eagle Outfitters Inc and PetSmart Inc cut profit forecasts on Wednesday after a wave of weak sales reports.

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