(Source: New Haven Register)

By Angela Carter, New Haven Register, Conn.
Nov. 6--Consumers continue to shop for value and seek promotions that
offer steep discounts, yet October retail sales were helped by a cool blast
that boosted demand for seasonal merchandise, results from the latest Thomson
Reuters Same Store Sales Index show.
"Consequently, expect retailers to bake discounts into the full price to
create the impression of discounting," said Jharonne Martis, the reporting
analyst who compiles the index for Thomson Reuters.
Same store sales are measured at establishments that have been open for
at least one year.
Thomson's index rose 1.8 percent, missing expectations of 2 percent, but
hitting the second consecutive positive showing in a year and the best showing
since June 2008.
"The strength was driven by cooler weather that helped drive demand for
seasonal merchandise, including boots. Across the board, retailers saw
strength in shoe sales. Additionally, retailers are facing significantly
easier year-ago comparisons," Martis said.
The strongest sector was apparel, while the weakest performance was seen
in the teen/ child sector, suggesting that discretionary spending is still
weak. But when consumers went scouting for designer labels they sought
discounts at TJX Cos. stores, which operates T.J. Maxx, Marshalls and Gap Inc.
In the discount sector, Costco and BJ's Wholesale remained heavily
dependent on gasoline sales, Martis said, and for the first time in 14 months,
Costco benefited from stronger international exchange rates relative to the
U.S. dollar.
According to a separate International Council of Shopping Centers-Goldman
Sachs tally, overall sales at stores open at least a year rose 2.1 percent,
compared with a 4.2 percent drop in October 2008.
Last month's results beat estimates for a 1 percent gain, following a
surprising 0.6 percent increase in September.
October's reading in both analyses excludes results from Wal-Mart Stores
Inc., the world's largest retailer, which stopped issuing monthly sales
reports earlier this year.
The Associated Press contributed to this story.
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