Nov 5th, 2009 - AOL Money & Finance
SECAUCUS, N.J. -Children's Place Retail Stores Inc. said Thursday that a key retail sales figure slipped 2 percent in October on lower sales in the U.S. and Canada.
Analysts polled by Thomson Reuters expected a bigger decline of 3.1 percent for sales at stores open at least a year.
The sales figure is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.
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