Retailers, consumers and prices
Check Out Line: Down but not out
Check 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.
Also in the basket:
A Decade Sophisticated but Louder (NY Times)