Written by Priyank Govila
Arpita Lulla and Hemina Mehta also contributed to this Note
Retailers report weak September ’07 sales growth affected by unseasonable warm weather
Continued weakness in consumer spending, coupled with unexpected spell of warm weather, depressed retail comparable store sales in September. Many retailers have reduced their 3Q07 earnings guidance, in anticipation of higher markdowns to push out inventory and make shelf space available for holiday merchandise.
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