December Sales Gain Modest
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Associated Press
NEW YORK — The nation’s major retailers today posted modest sales gains for December, their most critical month. The stores’ performances compared with a year earlier were below expectations, analysts said.
A notable exception was K mart Corp., whose sales spurted 12.4% in the five weeks ending Dec. 26. Sears, Roebuck and Co., the largest retailer, said its sales rose 4.6% while J.C. Penney Co., ranked third, reported a 6.8% gain.
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