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Retailers’ Sales Reports Are Mixed
The nation’s retailers are reporting mixed sales results for October.
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NEW YORK (November 5, 2009)--The nation's retailers reported 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. reported declines.
Limited Brands Inc. reported 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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