Sales Decline at American Greetings
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The American Greetings Corporation said Thursday that its third-quarter profit rose 35 percent as a gain from the sale of its reading glass division offset weak sales of cards and gift wrap.
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Sales of existing US homes fell by 12.8% last year, the biggest decline in 25 years, figures show.
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Retail sales fell 0.3 percent in January  --  the weakest showing in five months  --  as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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The company's sales fall, pulling down its stock price.
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Ford Motor Co  on Thursday posted a 9 percent decline in U.S. sales for December.
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The retailer's same-store sales decline.
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The outlook for the holiday season dimmed yesterday as several of the nation&#39;s large retailers reported disappointing sales for November, which included an uninspiring Thanksgiving weekend, The Associated Press reports.
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Gift cards were hot; department stores were not. The pricier the goods, the better they sold. American Eagle Outfitters was the store to shop; Aeropostale was so 2003. And for stores with all the wrong stuff, not even huge discounts saved Christmas.
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UK same-store sales posted an annual decline in November for the first time in almost a year after five interest rate increases and a drop in house prices weakened consumer spending, the British Retail Consortium said.
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Sales declined 15 percent from a year earlier, to $244.9 million in the period ended Oct. 31, according to the company.
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Avon Products Inc., the world&#39;s largest direct seller of cosmetics, reported its first US sales decline in five years, sending the company&#39;s shares down the most since 2000.
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American Greetings Corp. AM.N on  Wednesday posted a quarterly profit, compared with a  year-earlier loss, and initiated a quarterly dividend as  licensing income and lower costs offset flat sales.
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Analysts say 12 percent decline points to a slowing in demand because of higher interest rates. By Courtney Schlisserman. US sales of new homes fell 12 percent in November, the sharpest decline in more than
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Greeting card maker American Greetings   Corp. AM.N posted a worse-than-expected quarterly loss on   Thursday, hurt by costs for rolling out a new strategy for   managing inventory, sending its shares down 10 percent.
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U.S. tourism sales declined in the  third quarter, the first slowdown in four years, on the back of  new security restrictions for air travel announced in August,  the Commerce Department said on Thursday.
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Greeting card maker American Greetings   Corp. AM.N posted a worse-than-expected quarterly loss on   Thursday, hurt by costs for rolling out a new strategy for   managing inventory, sending its shares down 7 percent.
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Sales fall and losses double at home decor retailer.