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October 12, 2007
Stores Report Slower Sept. Sales
Retail apparel sales were down in September, in part due to unseasonably warm weather that kept consumers from buying fall goods. Department stores reported an average 1.7% dip for the month, according to a recent report. Specialty chains were hit even harder, showing a 2.3% decline.
Despite the apparel slowdown, economists seemed happy with September’s 0.2% increase in overall retail sales, saying that consumers are weathering the housing slump and other economic uncertainties.
Posted by Blacks on October 12, 2007 10:30 AM
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