US retail sales in surprise July fall
China Daily | Updated: 2009-08-14 08:09
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Retailers such as Macy's are cutting costs and inventories to bolster profits. Bloomberg News |
WASHINGTON: Sales at US retailers unexpectedly fell in July, the first decline in three months, as concern over jobs and stagnant incomes caused consumers to cut back on other items after taking advantage of the cash-for-clunkers program.
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