Thursday, Nov. 5, 2009

Retailers report mixed sales results for October

NEW YORK (AP) - The nation's retailers are reporting mixed sales results for October. Shoppers, enticed by cooler weather and holiday discounts, opened their wallets a bit more but were still restrained from splurging on apparel amid tight credit and a weak job market.

As merchants report their figures Thursday, Costco Wholesale Corp.'s sales at stores open at least a year rose 5 percent. Children's Place Retail Stores and Stage Stores Inc. are reporting declines.

Limited Brands Inc. is reporting a bigger-than-expected sales drop.

The figures are based on sales at stores open at least a year and are considered a key indicator of a retailer's health.

2009-11-05     12:44:51 GMT

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