real-time news and commentary for investors
Wednesday, Nov 14
2012, 11:10 AM
The monthly report from the National Retail Federation shows only a 0.1% M/M seasonally-adjusted...
The monthly report from the National Retail Federation shows only a 0.1% M/M seasonally-adjusted slip in monthly sales for clothing sellers despite Hurricane Sandy impacting results in the Northeast. A 4.2% Y/Y gain tells the larger story that retailers in the sector have picked up gains through online channels (except J.C. Penney) and by taking a slightly-less promotional stance than last year.