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First Data: November spending up a moderate 7.3%
Atlanta -- The SpendTrend analysis released Friday by First Data Corp., which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, found that overall year-over-year dollar volume growth was up 7.3% in November 2011, down from October’s 9.4% growth.
November 2011 had tough comparables as November 2010 was a particularly strong month, with dollar volume growth up 8.1%, according to First Data. November 2011 transaction growth was 6.1%.
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TRU Q3 sales down ahead of holiday shopping season
WAYNE, N.J. — Toys“R”Us' focus on the upcoming holiday shopping season was reflected in its third quarter results, which included a sales decrease. The company reported that net sales for the quarter were $2.7 billion, compared to $2.72 billion in the prior year. The company said it saw continued strength in learning and core toys, while the video game category remains a challenge.
Comparable store net sales decreased by 2.2% in the domestic segment and 3.9% in the international segment.