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Thursday, February 28, 2013

Two Retail Sales Headlines

In the last 24 hours, two headlines about retail sales (both from Reuters )

Greek Dec retail sales down 8.5 pct, shrink 34 pct since 2009

J.C. Penney 4th-quarter same-store sales fall 31.7 percent

J.C. Penney's sales drop this past holiday season was three times worse than the average retailer's in a country in a depression. .