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Despite Uncertainty, September Retail Comps Rise

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New York—Despite the daily drumming about economic uncertainty, comparable store sales continued to increase for most U.S. retailers in September. According to Thomson Reuters which tracks 23 retailers, September comparable store sales, or same store sales, increased 5.1%. That’s better than analysts’ average estimate which expected a 4.6% increases. Comparable …

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Commerce Dept: August Retail Sales Stagnate

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Washington—After seven months of increases, total U.S.retail sales remained flat in August, the U.S. Commerce Department reported today, reflecting, some analysts say, consumers becoming more restrained due to economic uncertainty. While economists’ average estimate forecast a 0.2% rise for August sales, eight of the 13 major categories tracked for sales …