Money Daily Brief: Better Christmas sales ahead?(Read article summary)
US retail sales are expected to go up this Christmas season.
•Hope for the holidays: Toys 'R Us is introducing a lay-away plan, which allows consumers to buy big-ticket items over time without credit cards. Economists say retail sales will be up this holiday season, citing strong consumer demand and optimistic forecasts from companies like Intel Corp. and TJX Cos., owner of T.J. Maxx and other discount retailers. Toymaker Hasbro saw profits rise but sales fall in the third quarter. Separately, spending on luxury goods and services surged 29 percent as high-income consumers unleashed pent-up demand.