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Slow Christmas start signals cautious shoppers across retailers
The holiday season opened with mixed signals as consumers bought modestly yet targeted high value items. Thanksgiving weekend showed gains in jewelry and electronics, while clothing and home furnishings lagged. Retailers like Sears reported strong week results, and Airmall Pittsburgh posted a 10.8 percent sales rise. Analysts warn 1996 may be tough amid debt and cautious spending. Hanukkah arrives December 17, adding to delayed gift purchases.
MENTIONED IN THIS ARTICLE
John Konarski
International Council of Shopping Centers
TeleCheck Services Inc
Anna Coger
Wal-Mart Supercenter
Benton
Ark
Coger
Sears, Roebuck and Co
John Costello
Sears
Pittsburgh International
The
Gap
Bally
the Nature Co
Athlete’s Foot
Leslie Lanier
Saks Fifth Avenue