BusinessDecember 18, 2000
MEMO: RETAIL SALES FALL AGAINST EXPECTATIONS
Americans, feeling less confident in the economy, tightened their belts in November, driving down sales at the nation's retailers for the first time in seven months. With recent holiday sales lackluster, Grinches may outnumber Santas this year. The Commerce Department reported Wednesday that retail sales fell by 0.4 percent last month, surprising analysts who expected sales to rise slightly. In October, sales were flat...
Americans, feeling less confident in the economy, tightened their belts in November, driving down sales at the nation's retailers for the first time in seven months.
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With recent holiday sales lackluster, Grinches may outnumber Santas this year.
The Commerce Department reported Wednesday that retail sales fell by 0.4 percent last month, surprising analysts who expected sales to rise slightly. In October, sales were flat.
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