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Promotions Helped Lift October Comp Sales Above Estimates

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Political gridlock, a government shutdown and fears that the United States would default helped to deflate consumer confidence in October, but apparently shoppers turned out anyway. According to Thomson Reuters, comparable store (or same store) sales rose 4% last month, beating economists’ expectations for a 3% increase. Excluding drugstores, …

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Retail, Business Leaders Decry Congress’ Actions in U.S. Budget Gridlock

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Washington—President Obama today took Congress to task over its 11th hour resolution of the government shutdown and lifting the debt ceiling, issues that could have spun the United States into default and wrecked havoc with the international economy. “Probably nothing has done more damage to America’s credibility in the world, …

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Good Tidings: December Comp Sales Better Than Expected

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

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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October Retail Comps Up; Sandy Effects Yet to be Felt

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

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 …