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(Studio: Peter Jennings) Drop in retail sales figs. cited. Report introduced.
(DC: Stephen Aug) Several major department stores reported up for sale; details given of Robert Campeau's financial problems following buyout attempt that has led to Bloomingdale's being up for sale. [Sakowitz, Incorporated, CEO Robert SAKOWITZ - talks about the debt burden on these stores.] Impact of department store finances on this year's Christmas sales predicted. [Retailing consultant William FLATLEY - says consumer will benefit.]
- Aug, Stephen;
- Jennings, Peter
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