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December Retail Sales Ticked Up, But Department Stores Slipped

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U.S. retail sales rose 0.3 percent in December, in line with what most economists were expecting, but department stores fared worse than their specialty peers. On Thursday, the U.S. Census Bureau disclosed the tally for seasonally adjusted December retail sales, which also indicated a 5.8 percent jump over December 2018. Excluding food services, automobiles, gasoline and…

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