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Retail sales slide in November

Retail sales sank by 0.4 percent in November from the October level as heavy discounting failed to boost poor consumer sentiment, official data showed on Thursday. Market expectations had been for a smaller drop of 0.2 percent, according to analysts polled by Dow Jones Newswires. “Today’s official figures confirm that…

November retail sales reports show mixed results

(Reuters) – Major U.S. retailers showed a big rift between winners and losers in November, as a strong turnout on “Black Friday,” the busiest shopping day of the year, encouraged some, while others did not experience the swell of buying they had hoped for. Early sales and deep discounts gave…

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