December 12, 2008
Retail Sales Slump
By Matthew L. Brown
Retail sales were down 1.8 percent in November, according to the U.S. Department of Commerce.
The department said sales for the month hit $355.7 billion, a decrease of 1.8 percent from the previous month and 7.4 percent below November 2007.
Total sales for September, October and November were down 4.5 percent from the same period a year ago and 2.5 percent below the department's predictions.
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