Summary
NEW YORK - The outlook for holiday shopping was hazy Thursday after the nation's retailers reported a mixed start to the season that indicated consumers were willing to spend only when they found a bargain.
As merchants released their results Thursday, the winners were those that heavily discounted during the Thanksgiving weekend, including industry leader Wal-Mart Stores Inc. and J.C. Penney Co. Inc. One of the biggest disappointments was upscale Nordstrom Inc., usually a top performer. Teen retailers also had a mixed performance.See the full content of this document
Extract
Shoppers Spend On Bargains
An upbeat surprise came from Limited Brands Inc., which announced solid gains in Novembe...
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