November 05, 2009
Retailers report mixed sales results for October
The Associated PressThe nation's retailers are reporting mixed sales results for October. Shoppers, enticed by cooler weather and holiday discounts, opened their wallets a bit more but were still restrained from splurging on apparel amid tight credit and a weak job market.
As merchants report their figures Thursday, Costco Wholesale Corp.'s sales at stores open at least a year rose 5 percent. Children's Place Retail Stores and Stage Stores Inc. are reporting declines.
Limited Brands Inc. is reporting a bigger-than-expected sales drop.
The figures are based on sales at stores open at least a year and are considered a key indicator of a retailer's health.