December 26, 2012
In this Thursday, Dec. 20, 2012, photo, a holiday shoppers reflected in a ornament handing from a large Christmas tree at Fashion Island shopping center in Newport Beach, Calif. Thursday, Dec. 20, 2012. U.S. holiday retail sales this year are the weakest since 2008, after a shopping season disrupted by storms and rising uncertainty among consumers. A report out Tuesday that tracks spending, called MasterCard Advisors SpendingPulse, says holiday sales increased 0.7 percent. Analysts had expected sales to grow 3 to 4 percent.
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U.S. shoppers spent cautiously this holiday season, a disappointment for retailers who slashed prices to lure people into stores and now must hope for a post-Christmas burst of spending.