Retail Results Signal Tough Times Ahead

Despite big discounts, pressured shoppers cut back on spending during the holidays. And the new year may not be much better

Like a football team that's played a quarter or two too many, consumers are finally showing signs of folding under pressure, based on initial results of the Christmas shopping season. And with gas prices creeping back up and home prices in a slump, retailers have every reason to worry about 2007.

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