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Discounters post strong results in September
New York City -- Costco Wholesale Corp. turned in a strong September performance, recording a 12% rise in same-store sales for the month.
Target Corp., helped by strong sales of groceries, beauty products and clothing, saw September same-store sales rise 5.3%. Sales for the period rose 6.5% to $5.9 billion.
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NRF: Holiday sales forecast to rise 2.8% to $465.6 billion
Washington, D.C. -- A report released Thursday by the National Retail Federation predicted an average holiday shopping season. According to the NRF forecast, holiday retail sales for 2011 are expected to increase 2.8% to $465.6 billion. While that growth is far lower than the 5.2% increase retailers experienced last year, it is slightly higher than the 10-year average holiday sales increase of 2.6%, according to NRF.