Upper-End US Retailers Have The Upper Hand In October

Nov 5th, 2009 - Wall Street Journal

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NEW YORK (Dow Jones)--U.S. consumers took a more gilded path in October, with upper-end retailers finally ridding themselves of some tarnish by posting better-than-expected same-store sales while their lower-end counterparts languished a bit.

The reversal came as higher-priced retailers had seen the sharpest sales declines during the recession, making it easier for them to meet muted expectations for this October after steep drops in same-store sales a year ago.

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