Friday, June 5, 2009

NYTimes Boldly Predicts: Sales'll Suck In June

From The Paper of Merit's crystal ball of obviousness:
Most retailers, from high-end chains to discounters, posted disappointing May sales as shoppers cut their spending. [...] For June, the International Council of Shopping Centers forecasts a decline of 3 to 4 percent in same-store sales, less than the 4.6 percent decline in May. Sales in June face a tougher comparison to last year as consumers then were spending much of the government stimulus checks, analysts said.
To read the whole thing, click here.