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SEPTEMBER RETAIL SALES TAKE BEATING.


Byline: Chicago Tribune Chicago Tribune

Daily newspaper published in Chicago. The Tribune is one of the leading U.S. newspapers and long has been the dominant voice of the Midwest. Founded in 1847, it was bought in 1855 by six partners, including Joseph Medill (1823–99), who made the paper
 

Rattled by everything from a plunging stock market to the possible impeachment impeachment, formal accusation issued by a legislature against a public official charged with crime or other serious misconduct. In a looser sense the term is sometimes applied also to the trial by the legislature that may follow.  of President Clinton, shoppers spent their dollars cautiously in September, hurting sales for many U.S. retailers.

After a weak August, last month's below-expectation sales figures sales figures nplcifras fpl de ventas  heightened concerns that the Christmas selling season may also be poorer than some are hoping.

``September was disappointing. People are beginning to feel it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a  to tighten the purse strings,'' said Kurt Barnard, president of Barnard's Retail Trend Report in Upper Montclair, N.J.

Discount retailers such as Wal-Mart Stores Inc. were the exception last month, with most posting another month of strong sales increases. Among the biggest losers were department stores such as J.C. Penney Co. and upscale specialty chains such as Neiman Marcus Group and Saks Inc., parent of Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New .

Barnard said he expects the theme of frugality to continue for the rest of the year

CAPTION(S):

Box

BOX: Sales of the top general retailers
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Article Details
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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Oct 9, 1998
Words:162
Previous Article:MORTGAGE RATES STILL IN DECLINE.(Business)
Next Article:HORSE DESERVES TO TAKE THE CAKE.(SPORTS)



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