Retailers Post Worst Month This Decade

But Wal-Mart, other discounters profit from downturn
By Jason Farago,  Newser Staff
Posted Dec 5, 2008 7:46 AM CST
American retailers posted their worst sales figures for a decade, but discounters like Wal-Mart did well.   (©yananine)
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(Newser) – November was the worst month for retail in a decade, reports the Financial Times, as stores from Macy's to Abercrombie & Fitch posted double-digit falls in sales. Mid-market stores like Target posted worse-than-expected numbers, while department stores crashed. But giant Wal-Mart, leading a small number of discounters, managed to avoid the gloom; the largest American retailer beat its own forecast with a 3.4% increase from last year.