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.
Friday, June 5, 2009
NYTimes Boldly Predicts: Sales'll Suck In June
Posted by Inkwell Bookstore at 10:12 AM