U.S. Retailers on Track for December

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Disappointing December sales from Wal-Mart Stores Inc. dented investor sentiment on Tuesday, but analysts said other U.S. retailers probably met modest forecasts for the biggest shopping month of the year.


Wal-Mart, the world’s biggest retailer, on Saturday estimated that December sales rose just 2.2 percent at its U.S. stores open for at least one year. Analysts had expected closer to 3 percent growth. Mall-based retailers also appeared to recover from a sluggish start to the holiday shopping season, with foot traffic picking up in the final week before Christmas. Malls remained busy the day after Christmas as customers started cashing in gift cards.


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