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Good Tidings: December Comp Sales Better Than Expected

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New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …

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Preliminary Reports: Holiday Sales Worst Since 2008?

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Purchase, NY–Retailers will be hoping that their post Christmas sales help boost what some retail analysts say has been a lackluster season at retail. According to MasterCard Advisors SpendingPulse,which tracks all payment types including credit cards, cash and checks across apparel, electronics, luxurygoods, online and furnishings, holiday-related sales rose a …

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October Retail Comps Up; Sandy Effects Yet to be Felt

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New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …

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Following Holiday Boom, Are Retail Sales Headed for a Bust?

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New York—While consumers continued their holiday shopping sprees last week following Christmas Day, several surveys indicate a pullback in spending may be setting in. The International Council of Shopping Centers (ISCS), which has been tracking sales at 24 major retailers throughout the holiday season, reported today that its ISCS/Goldman Sachs …