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29, hurt by fewer visits to its stores and lower unit sales of its Nook e-reader device.The company, which has been plowing money into its Nook franchise, said it’s examining why sales slowed after a strong Black Friday business. In all, December same-store sales excluding drug stores rose 4.8%, above the 3.4% already lowered Wall Street consensus, Retail Metrics data showed.

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Bebe, for instance, reported a 15% comparable traffic drop in the quarter ended Dec. “This suggests some of the sales may have come at the expense of some margin,” said Ken Perkins of Retail Metrics. reported an 8.2% drop in comparable sales during the nine-week period ended Dec.

Macy’s disappointing results in November and December “came amid some significant headwinds from uncertain economic news and the lingering effects of Hurricane Sandy,” said Macy’s President and Chief Executive Terry Lundgren. ’s Victoria’s Secret chain posting flat sales, missing consensus view of a 4.3% gain.

Its sales rose 4.1%, matching the consensus estimate of a 4% increase in a Thomson Reuters poll. Among the outperformers, Gap Inc.’s sales rose a better-than-expected 5% after a surprisingly strong 13% surge at its biggest unit, Old Navy. The so-called off-price sector, which sells name brand products at a discount, continued to shine. While Target also missed, investors breathed a sigh of relief after it was able to still keep its profit within guidance range.

NEW YORK (Market Watch) — Retailers started the new year on a cautionary note as chains from Family Dollar Stores Inc. and Gap Inc.’s Old Navy ended up leading the average gain to beat Wall Street’s expectations, analysts cautioned some of those sales may have come at the expense of profit-eroding discounts.

While rosier tallies at retailers including Costco Wholesale Corp., Nordstrom Inc.

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