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JC Penney, Macy's post lacklustre Q3 sales

US shoppers not persuaded to spend before the holidays despite improving job numbers

Published Thu, Nov 13, 2014 · 09:50 PM
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JC Penney and Macy's both reported lacklustre sales in the third quarter, the latest sign that despite low petrol prices and improving job numbers, retailers just cannot persuade shoppers to spend.

Both retailers cited warmer fall weather as one of the reasons sales were off, as consumers postponed buying heavier clothes and items for winter.

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