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Retailers reporting weak holiday shopping revenues

Victoria’s Secret parent L Brands and home decor chain Pier 1 Imports joined other retailers in slashing profit forecasts Thursday following disappointing holiday sales. The two cited heavy discounting, higher marketing costs and poor weather over the late-November to December gift-buying season in the United States, following similar poor reports…

Many Americans already done with holiday shopping

(Reuters) – More than a third of U.S. shoppers are already done with most of their holiday shopping, a survey showed on Monday, signaling that retailers need to offer bigger incentives to win sales in the few weeks before Christmas. The findings underscore the fragility of the U.S. recovery, since…