Retail Sales, Shopping | featured news

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Retailers pull stocks lower on poor holiday sales

Stocks are closing lower after a weak holiday shopping report sent shares of major retailers lower. The Dow Jones industrial average fell 24 points to close at 13,114 Wednesday. It was the third straight loss for the Dow.

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Retail sales rose less than expected in Jan.

U.S. retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.

Retail sales surge

Retail sales were solidly higher in November, the government reported Tuesday, fueled in part by deep discounting on holiday merchandise.

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