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Tuesday, Jan 31, 2023
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Retailers Miss Forecasts

Top U.S. retailers ranging from Gap Inc. to Nordstrom Inc. posted disappointing July sales on Thursday as a heat wave curbed demand for fall back-to-school fashions.


Wal-Mart Stores Inc. was among the few retailers whose sales beat expectations, while teen-oriented stores posted hit-or-miss results, with those showing the right fashions, like paint-washed jeans, reporting huge July sales gains.


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