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November Same-Store Sales Fall

NEW YORK CITY-Black Friday is not enough to overcome a warm, weak month, ICSC report says.

By Debra Hazel | Updated on December 04, 2009

NEW YORK CITY-Holiday shoppers may be procrastinating once again, as November same-store sales dropped 0.3% from November 2008, according to the International Council of Shopping Centers’ Chain Store Sales Index.

The decline for the 32 chains reporting results came after two months of increases for the industry, and is particularly significant because of an easy year-over-year comparison.

“These data suggested that the holiday season got off to a weak start in November for retailers–though the tail-end of the month saw relatively strong sales for electronics and online spending, but that seemed to be at the expense of some in-store performance and apparel demand, in particular,” wrote ICSC chief economist and director of research Michael P. Niemira.

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