October retail sales mixed
Pent-up demand, unseasonably cold weather and softer year-over-year comparables nudged same-store sales figures up for some retailers in October, typically a slower month. Discount chains including BJ's Wholesale Club and Costco saw same-store sales rise 3.7% and 3% respectively, while midlevel and high-end department stores reported mixed results. With few exceptions, teen retail chains reported declines, including a 15% decrease in same-store sales at Abercrombie.
Wall Street Journal, The | 11/06
This story published in NRF SmartBrief on 11/05/2009
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