September retail sales turned out better than expected for some retailers, according to figures released this morning.
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The International Council of Shopping Centers reported that its index of chain store sales recorded a 5.5% increase in September vs. the same month in 2010. Luxury sales rose by 10.4% and continued to be a key driver of total sales, ICSC said.
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Separately, the National Retail Federation forecast that holiday sales would grow 2.8% this year, lower than the 5.2% increase last year, but slightly higher than 10-year average increase of 2.6%.
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Here are some results for industry customers and teen retailers. PacSun no longer reports monthly results. Click here to read our story about Zumiez’s September sales.
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Nordstrom: +10.7%
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Macy’s: +4.9%
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Buckle: +10.3%
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Wet Seal: – 0.3%
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Gap: – 4%
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