Retailers, consumers and prices
Check Out Line: How will September sales look?
Sales for the month of September may have gotten off to a strong start for some retailers thanks to the Labor Day holiday and schools opening in the beginning of the month, but likely lost some steam after that, according to a note from Barclays Capital analyst Jeff Black.
Teen retailers likely benefited the most last month after a tough couple of months, he said.
Retailers selling clothes and catering to teens have been among the most challenged in the down economy, but easier comparisons to last year’s dismal results alongside the Labor Day boost and back-to-school sales may provide a bit of a cushion.
Many retailers are expected to report same-store sales, or sales at stores open at least a year, on Wednesday and Thursday. Such sales are a key measure of performance of retailers and should provide some insight into how holiday sales may shape up this year.
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