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Sales Fell

BUSINESS
By BLOOMBERG NEWS | December 6, 2006
NEW YORK -- Retail sales growth in the week after Thanksgiving fell to 3.1 percent, the slowest rate in four years, as consumers delayed holiday purchases to wait for discounts. A longer shopping period between Thanksgiving and Christmas contributed to consumers' delays, the International Council of Shopping Centers (ICSC) and UBS Securities LLC said yesterday. Their survey showed that 25 percent of shoppers finished most of their purchases by Sunday, down from 32 percent the previous two years.
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BUSINESS
By BLOOMBERG NEWS | April 10, 1997
OAK BROOK, Ill. -- McDonald's Corp. said yesterday that its slumping U.S. business should post improved results "as the year progresses" in 1997 while international operations should have an "excellent year."The company also said in its annual report that same-store sales in the United States fell 6.4 percent last year to an average of $1.43 million for stores open at least 13 months, from $1.54 million in 1996. That's a steeper decline than analysts had estimated.McDonald's said it will open fewer U.S. restaurants this year than last year, and that more than 70 percent of its 2,400 to 2,800 new restaurants planned for the year will open outside the United States.
BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | December 28, 2000
Sales of new cars and light trucks in Maryland dropped slightly last month, an indication that the economic slowdown in much of the nation has come to the state. According to figures released yesterday by the state Motor Vehicle Administration, sales in November were 1.3 percent lower when compared with November 1999. Consumers bought 28,680 new cars and light trucks last month, the MVA said. That compares with sales of 29,050 in the corresponding period of last year. Dealers had one more selling day last month than in November 1999.
BUSINESS
By BLOOMBERG NEWS | April 29, 2003
OAK BROOK, Ill. - McDonald's Corp., the world's largest hamburger chain, announced yesterday that first-quarter profit increased as sales rose at the fastest pace in more than a year, helped by the strengthening of the euro. The company's shares rose $1.12, or 7 percent, to a three-month high of $16.93 as McDonald's rebounded from its first-ever loss in the fourth quarter of last year. McDonald's said it's "on its way" toward meeting Chief Executive Officer James R. "Jim" Cantalupo's 2005 goal of boosting restaurant sales by as much as 5 percent a year.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | August 7, 2009
Weary consumers kept their wallets tightly shut in July and the trend looks as if it might continue through the back-to-school season, a time when retailers normally see a boost from parents getting their kids ready for the new school year. Retail sales fell 5 percent as shoppers continued to worry about their jobs and spent more cautiously because of the recession, according to the International Council of Shopping Centers. Shoppers also had nothing to entice them to spend because there were fewer sales.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | January 11, 2002
Jos. A. Bank Clothiers Inc. said yesterday that total sales in December dropped 5 percent from December 2000, but the company still expects record earnings for the year. Sales at the Hampstead-based retailer were $32.2 million for December 2001, compared with $33.9 million in December 2000. The numbers include sales at the men's clothing chain's 21 new stores. Same-store sales, which are sales at stores open at least a year and are considered a key indicator of a retailer's health, were down 6.7 percent in December 2001 compared with December 2000.
NEWS
By Lorraine Mirabella and Jamie Smith Hopkins and Lorraine Mirabella and Jamie Smith Hopkins and,lorraine.mirabella@baltsun.com and jamie.smith.hopkins@baltsun.com | January 12, 2009
Baltimore-area home prices declined for the first time in at least a decade last year, preliminary figures released this weekend show, as the region's housing market feels the sting from the worsening recession. Sales statistics released by the area's real estate listing service indicate the average home price dropped 3 percent last year to $306,500 in Baltimore and its five surrounding counties compared with 2007. The figure was less than the average in 2006 as well. Sales on an annual basis slumped 28 percent, with 21,500 homes changing hands.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,lorraine.mirabella@baltsun.com | November 11, 2008
Home sales and prices in the Baltimore area fell in October, and experts said rising joblessness and tighter credit markets could further dampen sales in the months ahead. The statistics released yesterday dashed hopes that a recovery had begun in Baltimore's housing market, experts said. Sales of previously owned homes in metropolitan Baltimore decreased nearly 15 percent last month compared with October 2007, while the average price dipped 4.8 percent to $300,546, according to Metropolitan Regional Systems Inc. Area economists predicted the housing market's two-year struggle will continue during the coming months.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN STAFF | April 12, 2003
Existing-home sales in the Baltimore metropolitan area rose 4.3 percent last month compared with March 2002 and the average sales price increased 9.09 percent as housing continues to help prop up the local economy. Sales in Baltimore and the five surrounding counties rose to 3,032 homes in March compared with 2,907 in the corresponding month last year, according to figures released yesterday by Metropolitan Regional Information Systems Inc., the Rockville listing company used by agents and brokers.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN STAFF | October 11, 2003
Home sales in the Baltimore area surged at a frenzied pace in September as homebuyers rushed to lock in some of the lowest mortgage rates in decades, data released yesterday show. Sales in Baltimore and its five surrounding counties rose 27.13 percent to 3,679 homes, compared with September 2002, according to figures compiled by Metropolitan Regional Information Systems Inc. of Rockville. The listing service also found that average sale prices increased 10.34 percent to $210,300. Housing has been one of the most consistent bright spots in a lackluster economy during the past three years as buyers, wary of a sinking stock market, sought a safe refuge for their money.
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