Spooked by lackluster forecasts for holiday sales growth, U.S. retailers cut one- and two-year store opening plans in August, according to the National Retailer Demand Monthly report produced by RBC Capital Markets. The change involved less than 300 planned stores on a national basis. RBC analysts Rich Moore, Wes Golladay, Michael Carroll and Mike Salinsky report that as of last month, the retailers in their database reported plans to open a total of 42,943 new stores within the next ...
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