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Retail Sales Plummet In OctoberRetail sales crashed 2.8% in October, exceeding market expectations and underlining the severity of this downturn. This from Marketwatch: Sales were quite weak across a broad swath of the retail sector in October, an indication that the fourth quarter could be worse than the just completed third ... |
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Stocks set to drop at openU.S. stock futures fell early Friday as investors caught their breath after the previous session's roaring gains, awaited a key reading on the retail sector and reacted to reports of massive layoffs at Citigroup. ... |
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Return To Savings Spells Doom For Consumer EconomySaving is coming back into vogue in the US, says Bill Bonner. Americans need to recover their losses. But that is murder on an economy built almost entirely on consumption. And as the ailing retail sector sheds jobs, this recessionary cycle will get much, much worse. More from The Daily Reckoning... |
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Booksellers and Publishers Nervous as Holiday Season ApproachesLike many businesses across the retail sector, the publishing industry has been hit by a raft of doom and gloom in the past few weeks. ... |
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Retail Losses Sap a Jobs Safety NetThe retail sector is rapidly losing its place as the employer of last resort for the newly unemployed. ... |
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eBay Announces Holiday PromotionsMore than a few experts believe this holiday season will be brutal on the retail sector, and as a result, just about every company that connects with consumers is gearing up for battle. Today, eBay unveiled its plan of attack, and it's a multipronged doozy.read more ... |
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