Archive for Friday, July 10, 2009

Retailers report weak June sales

July 10, 2009

Advertisement

Lingering job and financial worries meant summer shopping sprees were put on hold for many consumers last month, leading to worse-than-expected sales declines at many of the largest U.S. retailers.

Nearly every sector, including department stores, discounters and apparel chains, saw sales fall in June, with clothing stores hit especially hard.

But retail analysts said that given unseasonal weather in June, plus rising unemployment, sales could have been much worse.

Comments

Use the comment form below to begin a discussion about this content.

Commenting has been disabled for this item.