By  on October 4, 2012

Are comps kaput?

Coming off blazing August comparable-store sales results, 20 retailers on Thursday reported a slate of tepid September numbers. But the sluggish results were overshadowed by news that Target Corp. is pulling out of the monthly reporting regimen starting next month. The retail giant’s departure has essentially plucked $70 billion in annual sales out of the comp-store base — and now leaves only 19 retailers reporting comps, down from 32 just two years ago and 50 five years ago. The decline has made it increasingly difficult to get a read on the health of the industry from monthly updates.

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