Increased costs bit US retailers despite higher holiday sales
Retailers ate more of the promotion costs over the holiday season, denting the profit boost despite a strong consumer environment/ Retailers ate more of the promotion costs over the holiday season, denting the profit boost despite a strong consumer environment. (AFP Photo/Frederic J. BROWN)/ New York (AFP) - Holiday shopping reports released Thursday underscored anew the challenges US retailers face in the Amazon era -- even if consumers are willing to open their wallets to spend. The updates were a mixed bag overall, with several retailers ...
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