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November 02, 2006
October Comps Show Slowdown
Same-store sales fell from their September highs in October, but still showed healthy year-over-year growth. Nordstrom showed a 10.7% increase last month, while Federated jumped 7.7%.
Mass-market retailers such as Wal-Mart showed much slower growth, leading analysts to speculate over a broader slowdown.
Still, October sales could have been affected by the September boom, with consumers deciding to curb their spending after a spree.
Posted by Blacks on November 2, 2006 09:59 AM
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