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Same Store Sales Decline in November

Wal-Mart proves the exception to the rule.

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By: TOM BRANNA

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With the economy in recession, no doubt consumers like a bargain, and last month, Wal-Mart was more than willing to give it to them. While most retailers reported a decline in same store November sales, Wal-Mart reported a 3.4% gain. That’s the good news. Elsewhere, department store and specialty retailers reported double-digit declines. Macy’s Inc. fell 13.3%, and The Bon-Ton Stores dropped 16%. However, Terry Lundgren, chairman, president and chief executive officer of Macys, noted...

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