Consumers are expected to return more holiday purchases than usual this year, adding to pressure on retailers' bottom lines after a disappointing season.
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Heavy discounting after Christmas didn't prevent retailers from turning in the worst holiday-season performance since 1970.
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Online sales held up better than the rest of the retail market during the dismal holiday period, but the season is still likely to go down as one of the worst on record.
![[Retail sales plummet]](http://s.wsj.net/public/resources/images/P1-AO103_RETAIL_A_20081225175726.jpg)
Price-slashing failed to rescue a bleak holiday season for beleaguered retailers, as sales plunged across most categories.
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![[Retail photo]](http://s.wsj.net/public/resources/images/MI-AU234_RETAIL_A_20081226202711.jpg)
Fallout from the dismal holiday sales season promises to have a lasting impact on how the retail industry operates, with some prepared for a large number of bankruptcies and store closures.
Amazon called its 2008 holiday shopping season "the best ever," despite a series of predictions for weakness even for online sales.
![[Why Some Toys Don't Get Discounted]](http://s.wsj.net/public/resources/images/PJ-AN889_pjPRIC_A_20081223152811.jpg)
Despite the difficult economy, many stores aren't marking down certain popular gifts, including the latest James Bond game, because of minimum pricing.
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EBay is suffering a slide in visitor traffic and deteriorating sales as customers leave for fixed-priced sites where eBay has less of an edge.
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![[u.k. retail]](http://s.wsj.net/public/resources/images/MI-AU145_LETCIT_A_20081222202008.jpg)
For Britain's retailers, it looks like Christmas is a bust. There were 8.7% fewer shoppers on the final weekend before Christmas than last year.
![[Toys 'R' Us]](http://s.wsj.net/public/resources/images/OB-CV863_toysru_A_20081221201354.jpg)
In a dark holiday-shopping season, more retailers are staying open for 24 hours in a last-ditch effort to capture sales.
![[Coley Claire]](http://s.wsj.net/public/resources/images/OB-CV620_coleyc_A_20081218153738.jpg)
Retailers are hoping shoppers will indulge in one or two key pieces this holiday season. Here are some of the items getting second looks.
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![[Best Holiday Gifts for Wine Lovers]](http://s.wsj.net/public/resources/images/PT-AK399_Wine_T_A_20081205201245.jpg)
A sampler case of 12 wines from across the globe makes a palate-pleasing holiday gift.
According to Lewis Hyde, gift exchange is the economy of the creative spirit. He discusses the art of gifting and we present seven beneficiaries. Portfolio
![[How and When to Hunt for Deals]](http://s.wsj.net/public/resources/images/PJ-AN769_pjFASH_A_20081203172454.jpg)
Amid the many sales, there's an art to finding the deepest discounts and knowing the best time to buy.
![[Balloons Over Bagan image]](http://s.wsj.net/public/resources/images/AW-AF808_gift7_A_20081125095238.jpg)
Want to make your gift a memorable one? Here's a range of ideas, from stellar stress relievers to philanthropic pursuits.
Travel? In this economy? That might be your first thought as the holidays approach. But these gift items should fit just about every budget -- and make even short trips a bit more enjoyable.
![[Zack Hample]](http://s.wsj.net/public/resources/images/OB-CU633_Zack_A_20081211151024.jpg)
For the fantasy-sports fan in your life, we've drafted a list of holiday gifts--from a pocket TV projector to a personal lesson on how to snag a baseball hit at the park.
![[Travel books]](http://s.wsj.net/public/resources/images/OB-CU550_travel_A_20081211110805.jpg)
Stuck at home for the holidays? A bookstore buyer picks travel photo books that bring the world home.
![[fashion highs and lows]](http://s.wsj.net/public/resources/images/OB-CW791_fyr_ma_A_20081231095241.jpg)
From slouchy boyfriend jackets to blousey harem pants, a look at the highs and lows of 2008's fashion trends.
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![[Stimulus Plan Would Expand Tax Credit to Poor]](http://s.wsj.net/public/resources/images/NA-AV089_STIMUL_A_20090105192321.jpg)
Obama met with lawmakers to begin selling his stimulus plan as his advisers offered more details, including a proposal to expand the child tax credit for poor families.
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![[Gamble House]](http://s.wsj.net/public/resources/images/OB-CX210_greene_A_20090105142909.jpg)
A San Marino, Calif., exhibit features the furniture and other fixtures found in homes designed by America's best-known participants in the Arts and Crafts movement.
![[Bernard Madoff, above, walks back to his New York apartment on Dec. 17.]](http://s.wsj.net/public/resources/images/PT-AK620A_Giull_A_20090102202548.jpg)
Psychologist Stephen Greenspan explores why investors continue to be swindled -- and how he came to lose part of his savings to Bernard Madoff.