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Friday, December 05, 2008

Black black Friday

From the Washington Post

Retailers posted the worst November sales in more than 30 years yesterday, as holiday shopping not only failed to lift the economy but showed that the financial crisis is further distressing everyday consumers.

About 30 major companies -- including Macy's, Abercrombie & Fitch and Target -- posted sales declines at established stores. Overall, retail sales in November fell 2.7 percent compared with the same month last year, marking the second consecutive negative month, according to the International Council of Shopping Centers, a trade group.

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