The trickle of cautious comments are turning into a chorus, as more U.S. retailers are warning that the second half of the year will be a difficult one.
Last week, Wal-Mart talked about its customers running out of cash. This week, Target said it was planning more cautiously for the second half of the year. A
nd today, Ross Stores said it was also cautious — in part simply because other retailers were cautious.
What does this mean for the holidays? Right now, it seems like retailers are trying to cut back on inventory so they won’t be forced to cut prices to move unsold goods. It also means selective shoppers may be even pickier — buying only the hot items and then waiting for supersales to buy the rest. Read more here.
It may only be back-to-school season but it might also be time to brace for the most wonderful time of the year.
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