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Sales momentum holds strong: 4.4% comps surpass expectations.
A stronger-than-expected surge in sales lifted the International Council of Shopping Centers' (ICSC's) tally of industrywide same-store sales for the month of October. Retailers generated a 4.4% growth in comps, led by teen-oriented chains. Of the 66 retail companies listed below, a full 77.3% reported positive comparable-store sales growth in the month. In the previous month, less than 60% of retailers tracked could say the same. According to Richard Hastings, VP and senior retail analyst of Bernard Sands, based in New York City, success for many chains in October was determined by three words: "merchandising, merchandising, merchandising. Retailers with the right …
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