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Tuesday, May 11, 2010
US same-store sales disappoint
Financial Times
Discount general retailer Costco reported an 11 per cent gain, due in part to higher fuel prices, but missed expectations of a 11.2 per cent rise.
“The bounce in the business that began last summer seems to be cooling as demand is satiated for televisions, and consumers ever so lightly migrate back to the likes of Target and specialty retailers given improved economic conditions,” said Brian Sozzi, of forecasting firm Wall Street Strategies.
Link to full article: http://www.ft.com/cms/s/0/a381f454-592a-11df-adc3-00144feab49a.html
Posted by Brian Sozzi, Research Analyst
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5/11/2010 - US same-store sales disappoint
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