November was another disappointing month for the nation's largest general retailers as consumers continued to spend cautiously, according to sales reports released today.
The nation's largest retailer, Sears, Roebuck & Co., said its sales rose 0.7% in November from the same month in 1986. Its sales for the first 43 weeks of the year were up 3.1% from the same period a year earlier.
J. C. Penney Co. Inc. reported a 4.3% sales increase in November and a 5.1% rise so far this year. K mart Corp. said its sales rose 6.6% last month and 7.7% so far this year.
Federated Department Stores Inc., which owns mass merchandise and upscale department stores, said its sales rose 1.1% last month and 6.3% so far this year.
Carter Hawley Hale Stores Inc. reported sales at its five department store divisions rose 0.7% last month and 4% over the year-to-date period.