U.S. Retail Sales Fall in First Two Weeks of October From September

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The FINANCIAL — National chain-store sales eased 0.1% in the first two weeks of October from the comparable period in September, according to Redbook Research’s latest indicator, released on October 20.

The index’s decrease compared with a target for growth of 0.1%, according to Nasdaq.

The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period improved 1.2% from a year earlier, compared with a target for an increase of 1.5%.

During the second week of October, sales rose 1.3% year-to-year.

Redbook noted that the Columbus Day holiday combined with cooler weather had provided consumers with an opportunity and motivation to shop and spend. Apparel sales also may been stimulated by Columbus Day promotional pricing as stores sought to move goods ahead of the holiday season, Redbook added.

 

 

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