Recession Hit Retailers Hard in November

With few exceptions, the economic slump slammed retailers last month.

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  • 2.7 percent: Decline in U.S. retail sales during November, compared with the same month in 2007
  • 0: Number of times retail sales have decreased as sharply as last month since 1969
  • 3.4 percent: Increase in Wal-Mart same-store sales for November 2008
  • 28 percent: Decrease in Abercrombie & Fitch same-store sales for November 2008
  • 1.2 million : Number of jobs lost in the United States this year
  • 1.1 million: Number of jobs added in the United States during 2007

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Sources: ICSC, Bloomberg