Retail Sales in October Were Brutal (JWN, ANF, M, GPS, JCP)
Posted on November 06, 2008 at 13:51 PM EST
We received a bunch of retail sales numbers this morning that is not inspiring much confidence in the shopper still being resilient. Nordstrom Inc. (JWN) tumbled 15.7 percent during the four-week period ended Nov. 1, which is worse than the 13% drop estimates. Abercrombie & Fitch (ANF) showed a 20% drop, wider than the 14.4% drop [...]