The third-quarter earnings season got off to a reasonably positive start for retailers, with department stores hoping colder weather heats up holiday sales, even as shoppers continue to prefer discounts and generally hold back …
If expectations become reality, retailers will have a good holiday season this year. According to a report from the International Council of Shopping Centers on Wednesday, retailer optimism is at a three-year high.
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U.S. consumers put shopping on hold in October following the back-to-school season.
MasterCard Advisors’ SpendingPulse, a data service, showed year-on-year declines in spending on items including flat-panel TVs and major appliances, The Associated Press reported.
The lull may continue until the Christmas shopping period begins after Thanksgiving.
Still, the news wasn’t all bad,…
Continue reading Consumers Take Break from Shopping in October
Consumers Take Break from Shopping in October originally appeared on DailyFinance on Wed, 03 Nov 2010 07:44:00.
Filed Under: Company News, Technology, Economy, Retail
For retailers, this Christmas season is expected to be brighter than last year, even as continuing economic anxiety puts a damper on spending. Clothes, toys and video games are expected to do well in 2010.
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Retailer Kohl’s said on Wednesday that it plans to hire 40,000 temporary workers during this year’s holiday season at stores, distribution centers and credit operations nationwide — 7,000 more than last year. The shopping sea…