U.S. retailers’ sales stalled last month, thanks in part to high unemployment and anxiety about the still shaky economy, reports Thomas Reuters. The 18 top retail chains analysts tracked, including Macy’s Inc. and Kohl’s Corp., report a 2.4-percent gain in same store sales. Last June saw a 7.7-percent increase. Smaller chains and drug stores like […]
U.S. retailers’ sales stalled last month, thanks in part to high unemployment and anxiety about the still shaky economy, reports Thomas Reuters. The 18 top retail chains analysts tracked, including Macy’s Inc. and Kohl’s Corp., report a 2.4-percent gain in same store sales. Last June saw a 7.7-percent increase. Smaller chains and drug stores like Walgreens also saw even lower than expected sales. High-end department stores were the exception. Saks Inc. and Nordstrom Inc. report higher than expected June sales, a sign that affluent shoppers feel positive about the economy.
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