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McDonald’s sales drop first time in nearly a decade

Posted at 6:53 PM, Nov 08, 2012
and last updated 2012-11-08 18:53:00-05

(WTVR) - Monthly sales at McDonald's drop for the first time in 9 years last month.

The sales for the month of October fell by 1.8 percent, that's the first time in nearly a decade that sales dropped... instead of increasing.

The fast food chain blames the weak economy. 

But experts say McDonalds is also having a tough time keeping up with competition from other chains, including Chipotle and Panera. Additionally, in late September,McDonald's unveiled a new menuthat features the calories of each item.