Monday, November 3, 2008

Steven Wevodau - October chain store sales expected to fall (Reuters)

Reuters - U.S. retail chains may report one of their worst monthly sales results this week as a global financial crisis leaves its mark on ordinary consumers, casting new doubt on holiday season sales. Steven Wevodau

A customer leaves a branch of Halifax Bank of Scotland (HBOS) in the City of London October 13, 2008. (Luke MacGregor/Reuters)Reuters - Corporate results and outlooks darkened on Monday, and automotive companies from Japan to Italy to Detroit said October sales were the weakest in about 20 years as economies weakened and consumer credit dried up.

Steven Wevodau

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