Discounters Report Sluggish Start to Holiday Season

High unemployment and lingering consumer debt still appear to be weighing heavily on shoppers this holiday season, as retailers reported tepid sales growth for the Thanksgiving weekend. The traditional start to the year-end shopping binge was softer than many analysts had hoped, according to the monthly sales reports from discounters last week, many of whom cited deflation pressures on their food

High unemployment and lingering consumer debt still appear to be weighing heavily on shoppers this holiday season, as retailers reported tepid sales growth for the Thanksgiving weekend.

The traditional start to the year-end shopping binge was softer than many analysts had hoped, according to the monthly sales reports from discounters last week, many of whom cited deflation pressures on their food sales. The results could lead to heavier discounting in the weeks ahead, some analysts pr

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TAGS: Marketing