Mixed Retail Performance in October
Nov 03, 4:32 AM EST |
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| Retailers showed mixed sales performance in October, but the outlook for the holiday season remained positive. |
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| Wal-Mart was one of the biggest disappointments, as the worlds largest retailer reported a meager 0.5% rise in same-store sales and predicted flat same-store sales in November. Discount retailer Target also disappointed after reporting same-store sales growth of 3.9% that fell below expectations of 4.2%. According to the Conference Board, consumers confidence weakened in October, dragged down by consumers’ concerns about the job market. |
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