Most Returned Electronics Aren't Broken

Online spending surge fuels modest recovery

(NEWSER) - Retail holiday sales ticked up this year for a 3.6% improvement over 2008's disastrous showing. The modestly improved overall picture included a 15.5% surge in online shopping, thanks in part to snowstorms that stranded many shoppers at home the week before Christmas, as well as an almost 6% rise at specialty electronics chains, Reuters reports. More»

Recession isn't over as far as consumers are concerned

(NEWSER) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with unemployment, stagnant wages, and tight credit squeezing shoppers, executives don’t expect to see improvement until next spring. More»

Stores launch summer promotions to snag holiday dollars early

(NEWSER) - It's beginning to look a lot like Christmas in malls across the country as stores angle for some extremely early holiday dollars, the Wall Street Journal reports. Retailers like Toys'R'US, Sears and Kmart have dragged Santa away from his summer break and launched July Christmas promotions, hoping to boost sales with a touch of festive spirit and help recession-hit consumers spread out their holiday spending. More»

(NEWSER) - Wal-Mart plans to begin asking suppliers to provide info on the environmental impact of their operations so the store can put so-called green rating labels on its products, the Wall Street Journal reports.The first cards probably won't appear for a few years, but given Wal-Mart's clout as the world's biggest retailer, the move could have a profound effect on the entire industry. Some say it could mean higher prices as well. More»

(NEWSER) - Sears is taking the “Christmas in July” trope to a whole new level. With June retail sales tumbling, the company is looking for a boost by selling actual Christmas products, Time reports. Soon, 372 Sears stores will roll out displays hawking tree ornaments, stocking stuffers, and other decidedly off-season wares. Online, Kmart and Sears invites customers to “Shop Christmas Lane.” More»