U.S. retailers from Macy's to Costco posted much weaker-than-expected sales for November as shoppers focused only on big bargains at the start of the key holiday selling season.
Some, like department store operator Macy's Inc, also forecast quarterly earnings below analysts' estimates.
The Thomson Reuters same-store sales index rose 0.5 percent, compared with Wall Street expectations for a 2.1 percent increase.
Out of 15 retailers that reported by early Thursday, 11 missed analyst estimates, including Costco Wholesale Corp, Children's Place, Walgreen Co and Hot Topic Inc, according to Thomson Reuters data. (more)
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