Retail sales plunge

Posted: Thursday, December 13, 2001

WASHINGTON (AP) -- Retail sales plunged a record 3.7 percent in November as consumers, buffeted by huge job losses, terrorist attacks and a recession, got the holiday sales season off to a dismal start.

The Commerce Department said the record drop in retail sales followed a 6.4 percent upward surge in October, also a record. That big increase was caused by a huge jump in auto sales as Americans responded eagerly to the free financing offers that dealers used to get shoppers back into showrooms following the Sept. 11 terrorist attacks.



CONTACT US

  • Switchboard 218-829-4705
  • Report News 218-855-5860
  • Advertising 218-855-5835
  • Classifieds 218-855-5898
  • Circulation 218-855-5897
  • Vox Pop 218-855-5888
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING