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Retail Sales Stay Afloat But Target’s Miss Says Otherwise

November 16, 2022

Via: RIS News
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It’s a big week for retailers.

As Thanksgiving approaches and retailers mobilize for holiday shoppers, a slew of retail earnings reports are coming out – offering a glimpse into what may be ahead for the holiday season – while reports of tech layoffs loom in the background.

First the bright spot: U.S. retail sales rose 1.3% in October from the month before, after being flat in September, the U.S. Census Bureau reported Wednesday. Economists polled by Reuters had forecast sales rising 1.0%. The gain was 8.3% above October 2021.

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