Nordstrom and Costco dodge September&#39;s retail doldrums
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Two of the region&#39;s best-known retail brands -- Costco Wholesale Corp. and Nordstrom Inc. -- bucked a national trend of lukewarm sales in September and posted significant gains over the same period last year.
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Retail chains from discounters like Kmart to department stores like Sears are under renewed scrutiny, not so much for what they sell as for the ground they stand on.
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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.
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Top U.S. retailers, including Wal-Mart  Stores Inc. WMT.N, reported lackluster September sales on  Thursday, as warm weather and string of hurricanes that  battered the East Coast dampened buying.
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Sales growth was slow at major retailers in September, as same-store sales rose 2.4 percent in September, according to data from the International Council of Shopping Centers and UBS released last week.
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Wal-Mart Stores Inc., the No. 1  retailer, on Monday said September sales at U.S. stores open at  least a year were tracking in line with its forecast for a 2  percent to 4 percent increase, though it expects Hurricane  Frances will briefly hurt sales in areas hit by the storm.
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Lately, the company's retail operation has been lagging behind sales of its locations.
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The fact that neither Kmart or Sears has faired well against Wal-Mart may leave some people wondering if the combined company can do any better.
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The 2004 holiday shopping season turned out to be a bumpy one, with last-minute shoppers giving some retailers solid results but other storeowners struggling to a disappointing finish.
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Orders for big-ticket manufactured goods from US factories eked out a tepid gain in September, according to a report Wednesday, offering a mixed view of the nation&#39;s recovering economy.
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Costco turns in a great quarter. And yet people seem confused. Funny.
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NEW YORK Oct. 7, 2004 - The outlook for the holiday shopping season grew more uncertain Thursday as the nation&#39;s largest retailers reported they had a fourth straight month of tepid sales in September.
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Two of the nation's leading retailers &#151; discounter Target Corp. and home improvement merchant Lowe's Cos. &#151; both tempered their sales forecasts on Monday, creating more uncertainty about the upcoming holiday shopping season.
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The retailer narrows its focus, but its work isn't done.
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The outlook for the holiday shopping season grew more uncertain yesterday as the nation{rsquo}s largest retailers reported they had a fourth straight month of tepid sales in September.
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WASHINGTON -- After a big surge in spending in September, consumers may be getting a bit more cautious. The government said Friday that retail sales rose by just 0.2 percent last month.
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Same-store sales for the month come in short of the company's forecast.