Holiday Shopping Season, Retail | featured news

This holiday season, Burger King won't be the only place where you can have it your way. It used to be enough for stores to promise discounts of up to 70 percent off to lure shoppers during the busy holiday shopping season. But the ease of ordering online and the sluggish economy has created more demanding U.S. consumers who aren't impressed by discounts alone. They want their shopping just like their fast food: not only cheap, but convenient too.

From Los Angeles to Tampa, shoppers are already camping out in front of big-box retailers, determined to be among the first in line for door-buster deals. In Los Angeles, some hardcore consumers have been in line since last Monday, even taking vacation from work in order to save big money. An estimated 147 million Americans will take advantage of Black Friday sales, 4 percent more than last year.

Retail employees launch Change.org petitions against Black Friday sales starting on Thanksgiving, saying it cuts into family celebrations.

It used to be just called Thanksgiving. Now the day is increasingly called Black Friday Eve or Black Thursday, as retailers double down on ever-earlier opening hours for the kickoff of the holiday shopping season.

Amazon launched its Black Friday deals store, joining its rivals who are looking to get an early start on attracting holiday shoppers.

Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it beefs up service offerings as the all-important holiday season kicks off.

The best that can be said about the 2012 holiday shopping season is that it will be about average, according to the latest forecast from the National Retail Federation (NRF), a retail trade group.

Target Corp. is reporting a 5.2 percent drop in earnings for the fourth quarter, as the retailer pushed big discounts to get tight-fisted shoppers to buy during the holiday season.

Wal-Mart Stores Inc won over shoppers during the holiday season, with its Walmart U.S. division posting a 1.5 percent rise in sales at stores open at least a year.

Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade. Sales inched up 0.1 percent in December to a seasonally adjusted $400.6 billion, The Commerce Department said Thursday. It was the second straight month that sales have topped $400 billion. Never before had monthly sales reached that level.