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November Same-Store Sales Slow

Retail same-store sales slowed to 3.3 percent growth in November, according to Kantar Retail.The results were challenged by relatively strong 2010 numbers and weaker performance outside of Black Friday.The sales-weighted composite was weaker than the 3.9

Retail same-store sales slowed to 3.3 percent growth in November, according to Kantar Retail.

The results were challenged by relatively strong 2010 numbers and weaker performance outside of Black Friday.

The sales-weighted composite was weaker than the 3.9 percent same-store sales gain last month and the 5.6 percent gain in November 2010.

Tandy Leather factory posted the biggest increase in same-store sales at 13 percent, followed by Saks at 9.3 percent and Costco at 9 percent.

The biggest decliner was Kohl's with a decrease of 6.2 percent, according to Kantar Retail.

“Retail sales growth into the holidays is reflecting the spending intentions of shoppers. They have pulled back on their spending plans from earlier in the year, but they are loosening the purse strings a bit as the holiday approaches,” says Frank Badillo, senior economist at Kantar Retail. “As a result, sales growth should not slow much more but will likely remain focused on holiday deals as some household budget concerns persist.”

For a list of the retailers reporting and their results, please visit: www.kantarretail.com/pressroom/samestr_sales.pdf.

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