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Reuters: Department store sales weak, but beat Street

Started by chris, May 16, 2008, 01:41:04 AM

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chris

Department store sales weak, but beat Street
      


LOS ANGELES (Reuters) - The weak economy took its toll on department stores on Thursday, as retailers Nordstrom, Kohl's and J.C. Penney reported lower first-quarter net profits, with all citing challenges stemming from the weakened U.S. economy.
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