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Market Watch
Jun 28 - Jul 14, 2006
Despite High June Temps, Consumer Spending Starts to Cool, According to NRF
WASHINGTON, DC, Jul 14, 2006 / --- Although temperatures may be rising, consumer spending may be cooling off. According to the National Retail Federation (NRF), retail industry sales for June (which exclude automobiles, gas stations, and restaurants) rose 6.7 percent over last year and increased 0.2 percent seasonally adjusted over May.
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Sales Forecast: Deloitte Research Findings Suggest A Difficult Retail Environment This Fall
DALLAS, Jul 13, 2006/ FW/ --- High energy costs is finally catching up with the consumers. According to the Deloitte Research Leading Index of Consumer Spending that was released today, the index is down at 3.15%, down from an upwardly revised gain of 3.3% last month.
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Department Stores Comparable Store Sales Within Range of Each Other
DALLAS, Jul 7, 2006/ --- JCPenney and Saks Incorporated reported 4.3% and 4.7%, respectively for their comparable store sales for the month of June. Federated Department Stores, which operates Macy's, Bloomingdale's, Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's and The Jones Store lagged behind at 1.7%.
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Wal-Mart & Target Head-to-Head in Sales Increase Percentages
DALLAS, Jul 6, 2006 / FW/ --- With the monthly sales report rolling in, discounters Wal-Mart and Target reported 10.4% and 11.3% sales increases, respectively for the month of June.
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Large Retailers Make History as Acquisitions and Mergers Create New Power Players
WASHINGTON, DC, Jun 30, 2006 / --- The past year has been anything but boring for the retail industry. Defining events such as the Federated/May Department Stores and Sears/Kmart unions have added new power players to the scene and the competition to be the best has definitely heated up, according to the SAP Top 100 Retailers ranking reported in STORES Magazine’s July issue.
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