Posts Tagged ‘market plunge’

Markets Plunge in US Retail Sales

Wednesday, January 14, 2009 19:37 No Comments

The tightening credit conditions and rising unemployment contributed to a stunning slowdown in consumers.
Almost all large retailers have trimmed their full-year forecasts after a dire festive sales period despite record-breaking discounting. Eleven of the 13 major product categories monitored by the Government fell with most down by at least 1% last month. Only retailers of [...]

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