Rocky consumption year gives retailers a beating
While retailers can safely lay the blame for their poor Q3 results on the September 11 terrorist attacks, there were strong indications that things would be grim at the check-out lines long before most people knew how to pronounce Osama bin Laden. The S&P's retail (RLX) index dropped 10.7% over the first nine months of the year, as large retailers like Wal-Mart, Kmart and Toys 'R' Us all reported revenues below 2000 levels.
November 1, 2001
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