Pressure builds as retailers near the holiday finish line

NEW YORK/LOS ANGELES (Reuters) – After buying and remodeling a home, Karin Gilles and her husband, Dave Muilenburg, are not splurging on holiday gifts this year – no matter how drastically retailers slash prices to lift sales in a shopping season that peaks this weekend. Holiday sales are expected to be the same or only slightly stronger than last year, according to the quarterly Global Retail Manufacturers and Importers Survey by Capital Business Credit, which provides funding to retailers’ suppliers. “You’ll see heavier promotions than last year, pretty much across the board,” said Charles O’Shea, senior analyst at Moody’s Investors Service.

    

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