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In Retail Sales, More Signs of a Slowdown

June 24, 2018
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Stocks fell sharply as sales reports revealed a country that is ratcheting back its spending habits and abandoning mid-tier and discount shopping mall mainstays. (New York Times — 8 August, 2008)
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Retailers’ July sales reports show an increasing shift toward buying necessities at discounters and away from nonessentials like clothing. (MSNBC — 8 August, 2008)
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Wall Street tumbled Thursday, closing down after weekly unemployment claims jumped to a six-year high and Wal-Mart Stores Inc. and other retailers reported disappointing sales. (MSNBC — 8 August, 2008)
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With the bulk of some $100 billion in tax rebates now deposited in consumers’ bank accounts, the hoped-for boost in spending has proved disappointing for nation’s retailers. (MSNBC — 8 August, 2008)
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The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy. (MSNBC — 7 August, 2008)
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The Labor Department said that the jobless numbers, higher than analysts expectations, were distorted somewhat by an outreach program to notify eligible recipients. (New York Times — 8 August, 2008)
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