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PHOENIX-But at the same time, ICSC predicts holiday sales will only increase 1% this year, down from hopes of 2%.
GOODLETTSVILLE, TN-The company is still on track to open 25 to 30 stores this year, even though it posts a Q3 loss of $7.3 million.
ANN ARBOR, MI-But the company is selling its Paperchase chain to Pershing Capital for $65 million.
NEW YORK CITY-The retailer will slow down its overall square footage expansion from between 7% and 8% to 4% to 5% growth.
Numbers have varied, but most associations and economists have predicted a miserable holiday-selling season.
NEW YORK CITY-The book retailer drops its new store plans from 25 to 15, but is reworking hundreds of leases. The firm expects Q4 comps to decline up to 9%.