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Retailers Report Mixed Sales Results For October
The nation's retailers are reporting mixed sales results for October. Shoppers, enticed by cooler weather and holiday discounts, opened their wallets a bit more but were still restrained from splurging on apparel amid tight credit and a weak job market.
Reporter: Associated PressEmail Address: news@kake.com |
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Thursday, November 5, 2009
The nation's retailers are reporting mixed sales results for October. Shoppers, enticed by cooler weather and holiday discounts, opened their wallets a bit more but were still restrained from splurging on apparel amid tight credit and a weak job market.
As merchants report their figures Thursday, Costco Wholesale Corp.'s sales at stores open at least a year rose 5 percent. Children's Place Retail Stores and Stage Stores Inc. are reporting declines.
Limited Brands Inc. is reporting a bigger-than-expected sales drop.
The figures are based on sales at stores open at least a year and are considered a key indicator of a retailer's health.
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