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Thursday, June 04, 2009

 

chain store sales


there's been more than a few mentions of the fact that, while profit lines could be faring worse, revenue lines are broadly failing to meet expectations almost economy-wide -- with the implicaiton being that cost cutting and layoffs are the motivator behind profit retention.

zero hedge notes today's chain store sales fail to give that view another leg to stand on, if it needed one.

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