Commercial Real Estate tic.............tic,,, Message Board

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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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To: Smiling Bob who wrote (159)	1/13/2009 11:56:42 AM
From: Smiling Bob	of 442

More Bad News Sends US Retail Stocks Lower At Open Tuesday 01/13/2009 10:05 AM ET - Dow Jones News Related Companies Symbol Last %Chg M 10.17 2.42% SHLD 46.44 -0.17% TGT 35.81 1.99% WMT 52.11 1.40% As of 11:55 AM ET 1/13/09 By William Spain Retail stocks followed the broader markets down Tuesday as the sector's main indicator fell about 1% at the open. The S&P Retail Index (RLX) slipped two points to 275.93. There was more bad news to start the session: Weekly chain-store sales fell by 2.3% for the week ended Jan. 10, according to the International Council of Shopping Centers and Goldman Sachs weekly sales index. Year to year, they were down 2.2%. "A seasonal weakening in traffic, less gift-card redemption and adverse weather all came together to weaken demand sharply for the first full week of 2009," said Michael Niemira, ICSC's chief economist. He added that the drop was the largest in more than two years and said he now expects January sales to be off 2% to 3%. With that backdrop, shares of Wal-Mart (WMT) and rival Target (TGT) were up fractionally at $51.70 and $35.20, respectively. But Macy's (M) and Sears Holdings (SHLD) both fell about 2%. -William Spain; 415-439-6400; AskNewswires@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires 01-13-09 1005ET Copyright (c) 2009 Dow Jones & Company, Inc

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