Fewer Americans hit the malls the last week before Christmas even as retailers from Macy’s to Michael Kors Holdings poured on the discounts.
US store visits plummeted 21 per cent and retail sales dropped 3.1 per cent in the week through Saturday, signalling a lacklustre finish for stores’ most important selling season, Chicago-based researcher ShopperTrak said yesterday.
Falling store traffic in recent weeks and uneven demand, especially for apparel, spurred chains to risk earnings...
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