Retailers See Cautious Holiday Shoppers Focus Spending on Certain Categories
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Major retailers like Walmart and Target warn consumers are more cautious and cutting back on discretionary purchases.
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Retailers say consumers are more discerning amid economic uncertainty.
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Despite pullback, one bright spot for retail has been continued spending on a certain category.
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Yahoo Finance reporter says Walmart, Target point to a more careful holiday shopper this year.
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Video provides more details on retail outlook and what consumers are still splurging on.