Increased costs bit US retailers despite higher holiday sales
11 Jan 2019; 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 reporting small or moderate increases in comparable store sales during the critical November-December period.
But a report from Macy's aroused the most angst on Wall Street, after the chain slashed its profit forecast even as it signaled a modest increase in sales.