Retail Sales

CNBC.com is reporting that U.S. retailers from Macy's to Costco posted much weaker-than-expected sales for November as shoppers focused only on big bargains at the start of the key holiday selling season. Out of 15 retailers that reported by early Thursday, 11 missed analyst estimates, including Costco Wholesale, Children's Place, Walgreen and Hot Topic, according to Thomson Reuters data.
This is not encouraging for retail sales for the holiday shopping season.

Dec 3 · 12:35:00 PM · Source: CNBC.com
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by Rich Pike