News Source: International Business Times
| about 1 year ago
Analysts surveyed by Thomson Reuters anticipated a same-store sales decline of 5.4 percent as shoppers minded their pennies amid a worsening economy. Same-store sales, or sales at stores open at least a year, are a key indicator of retailer...
News Source: Simi Valley - Moorpark Examiner
| about 1 year ago
American consumers went into hiding in September, leaving retailers with dismal sales and an uncertain future well beyond the holiday season as the fallout from the financial meltdown pushes spending even lower. As retailers reported their monthly...
News Source: Belleville News-Democrat
| about 1 year ago
The nation's retailers reported dismal sales for September as the financial meltdown took its toll on shoppers. Thomson Reuters estimates that its final sales tally for September will be up only 1 percent, which is below the 1.9 percent pace from the...
News Source: Xtra News
| about 1 year ago
US retail giant Wal-Mart reported Wednesday a slowdown in its US sales growth in September and predicted weaker results in October. The figures, which exclude fuel and compare sales in stores that have been open a year, showed sales increased by 2.4...
News Source: Seattle Times
| about 1 year ago
American shoppers went into hiding in September, sticking to buying the bare-bone essentials and leading many retailers to report dismal sales for the month as skittish consumers grappled with the financial meltdown spreading around the globe. The...
News Source: Fox News
| about 1 year ago
Two reports out in the last 24 hours showed more definitive evidence that the consumer, plagued by a ugly economy and housing market, is cutting back on spending nationwide. The Federal Reserve said consumer borrowing fell 3.7% in August, weeks...