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

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To: russwinter who started this subject10/21/2003 5:05:31 PM
From: ild   of 110194
 
The BTM-UBSW retail chain store index was unchanged in the week ended Oct. 18 compared to the prior week, showing softness for a second week in a row. The report said sales of fall apparel were especially weak. BTM now expects sales for the full month of October to rise only 3.0 percent year-on-year, well below the 5.9 percent rise posted in September. If confirmed by the rival Redbook report to be released later Tuesday morning, the report could raise concern that consumer spirits, after a healthy burst over the last two months, may be fizzling.

The Redbook reported a moderate 1.2 percent rise in sales at the nation's discount and department stores for the week ended Oct. 18. The report said sales were mixed and traffic was down. Like the BTM report issued earlier Tuesday morning, the Redbook said sales for the month of October are proving soft. On the positive side, the report said Halloween sales are up compared to last year, partly reflecting last year's worries in the Washington D.C. area over sniper attacks. The Redbook and BTM reports are both pointing to an ebbing in consumer spirits following strength in August and September.
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