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Published: October 9, 2008
Weak September sales warn of retail slowdown
NEW YORK — Well-heeled shoppers held off on buying $600 stilettos and other luxuries last month, luxury stores reported.
Neiman Marcus Group Inc. and Saks Inc. suffered sharp declines. Many mall-based apparel stores and department stores — including J.C. Penney Co. Inc. and American Eagle Outfitters Inc. — find themselves mired in a deep sales slump.
American consumers went into hiding ...
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