Shop Talk

Retailers, consumers and prices

Check Out Line: Down but not out

September 3, 2009

clothing-racksCheck out the latest news on U.S. retail sales.

The trend was pretty much the same as it has been lately — most chains posted declines in August sales at stores open at least a year, or same-store sales.

However, many declines were not all that bad and there were a handful of increases, which could be a sign that consumers are really back to shopping.

Target and Gap, for example, posted drops that were not as steep as anticipated.  Aeropostale and TJX both saw sales rise more than expected.  Still, others fell short.  Abercrombie & Fitch, Rite Aid, Children’s Place and others were among those whose sales declined more than Wall Street predicted.

Now all eyes turn to what demand will be like for the holiday season.  Sure, it’s still summer, but it’s getting chilly out there.  We’re sure retailers would love it if you went out and bought a new sweater or coat.  Or five.

(Reuters photo)

Also in the basket:

New U.S. jobless claims fell last week

Del Monte profit tops estimates

Family Dollar sales miss goals, shares plummet

US drugstore clinics should get flu season lift

A Decade Sophisticated but Louder (NY Times)

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