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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (2310)	11/18/2003 9:40:26 AM
From: russwinter	of 110194

Reuters Chain Store Sales Slow in Latest Week Tuesday November 18, 8:57 am ET NEW YORK (Reuters) - U.S. chain store sales slowed in the latest week, although discount stores reported heavy customer traffic, Instinet Research said in its Redbook report on Tuesday. The pace of sales at major retailers grew by 3.9 percent on a year-over-year basis for the week ended Nov. 15, after rising 4.1 percent in the preceding week, the report said. Retail sales were down 2.9 percent so far in November compared with October because of the lower value of the dollar on a year-over-year basis. "Consumers continue their cautious spending, buying the lowest-price items available and retailers are conservative about the holiday outlook as they compete on price, putting continuing pressure on margins," the report said. The Redbook data are compiled from a sample of same-store sales at general merchandise retailers representing about 9,000 stores. Same-store sales measure revenue at stores open at least one year. The index is released weekly by Instinet Research, a division of Instinet, a Reuters-owned electronic brokerage.

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