NEW YORK (Dow Jones)--Retailers reported mixed results with some reporting sales below plan in the U.S. last week.
As a result, Redbook's latest report of national retail sales showed sales rose 1.7% during the first week of November, after seasonal adjustment from the same week in October.
The reading was below the target of a month-to-month rise of 2.5%. The report also showed sales rose 2.3% from the same period year ago, below a 3.1% target.
"Much of the weakness was concentrated in department stores, which complained of thinner mall traffic and slower sales," Redbook staff said.
Redbook, formerly LJR Redbook Research and prior to that the Johnson Redbook, is now a division of Instinet Corporation, a Company.